Please answer all questions! The table is the form to answer question 1! Hope it can help you to finish it!

Yates Corporation is a manufacturer of computer accessories. Ituses absorption costing based on standard costs and reports the following data for 2015 EEA (Click the icon to view the data. There are no rate or efficiency variances.Actual operating costs equal budgeted operating costs. The production-volume variance is written off to cost of goods sold. For each choice of denominator level, the budgeted production cost per unitis also the cost per unit of beginning inventory. Require Theoretical capacity 144,000 units Practical capacity 120,000 units Normal capacity utilization 96,000 units Selling price 30 per unit Beginning inventory 10,000 units 104,000 units Production Sales volume 112,000 units Variable budgeted manufacturing cost 3 per unit Total budgeted fixed manufacturing costs 1,440,000 Total budgeted operating (non-manuf) costs (all fixed) 400,000 Required 1. hat is the production variance in 2015 when the denominator level is (a) theoretical capacity, (b) practical capacity, and (c) normal capacity utilization? 2. Prepare absorption costing-based income statements for Yates Corporation using theoretical capacity, practical capacity, and normal capacity utilization as the denominator levels. 3. Why is the operating income under normal capacity utilization lower than the other two scenarios? 4. Reconcile the difference in operating income based on theoretical capacity and practical capacity with the difference in fixed manufacturing overhead included in inventory