Part II: The variable manufacturing costs per unit of Quarryman Corporation are as follows: February $535 January $535 March $535 Direct materials cost per unit Direct manufacturing labor cost per unit MOH cost per unit $190 $190 $190 $275 $275 $275 $1,000 $1,000 $1,000 1. Prepare income statement for Quarryman Corporation in January, February and March 2019 under throughput costing. 2. Contrast the results of throughput costing with those of variable costing. If you calculate different profit figures, reconcile the difference. In other words, tell me where the difference is, and quantify it. Again, do not be concerned with minor rounding issues, as they are not material. 3. Provide at least one reason why companies might prefer throughput costing over absorption costing or variable costing. The selling price per unit is $3,500. The budgeted level of production used to calculate the budgeted fixed manufacturing costs was 1,550 units in January, 1,450 units in February, and 1,500 units in March. They were so accurate at predicting their production volumes there are no production volume variances to worry about. Also, there are no price, efficiency or spending variances. Part II: The variable manufacturing costs per unit of Quarryman Corporation are as follows: February $535 January $535 March $535 Direct materials cost per unit Direct manufacturing labor cost per unit MOH cost per unit $190 $190 $190 $275 $275 $275 $1,000 $1,000 $1,000 1. Prepare income statement for Quarryman Corporation in January, February and March 2019 under throughput costing. 2. Contrast the results of throughput costing with those of variable costing. If you calculate different profit figures, reconcile the difference. In other words, tell me where the difference is, and quantify it. Again, do not be concerned with minor rounding issues, as they are not material. 3. Provide at least one reason why companies might prefer throughput costing over absorption costing or variable costing. The selling price per unit is $3,500. The budgeted level of production used to calculate the budgeted fixed manufacturing costs was 1,550 units in January, 1,450 units in February, and 1,500 units in March. They were so accurate at predicting their production volumes there are no production volume variances to worry about. Also, there are no price, efficiency or spending variances