Please calculate unit product costs and prepare an income statement for each method.

Please use cell references.

Absorption vs. Variable Costing Brindle Arts uses Variable Costing for internal purposes, but uses Absorption Costing for their financial reports. The following information is for Quarters 3 and 4, 2022. Calculate unit pmduct costs for Quartes 3 and 4 for Variable and Absorption Costing. Prepare an income for each method, then show why is a difference AbsvsVar _ out of 20 pohts between the two. price per unit Units in beginning inventory Production (in units) Sa units) inv entory 205 10,500 V unt Direct materials Direct labor Va ria ble overhead riab1eS&A 14,000 5450000 75.00 25M 20. (n 15M quarter Fixed ma nufacturing overhead Fixed sellir* & adm inistra tive Show the difference between variable costing NOI ariable Com pute the unt product costs for Qua rters3 a nd 4 Quarter 3 V arbk uni t c on Quarter 4 Prepare an hcome Qatement for Quarters 3 and 4 Sales Va ria ble expenses: VariablecoGS Variables&A Tota v a riable expenses Contribution Margin F ex penses: Fixed MOH FixedS&A Tota fixed ex penses Net e Compute the unit product costs for Qua rters3 and 4 and abso tion costin NO'. Qua rter 3 units in beginning inventory + units produced units sold = units in inventory FOH costs in ending inventory FOH in beg. inv. = FOH deferred in inventory or released from inventory Select: Md/less: FOH deferred/released inventory Absorption costing NOI Qua rter 4 Select: Quarter 3 t cost Quarter 4 Prepare an hcome statement for Quarters 3 and 4 Quarter 3 Sales G ross Margin S&A Ex penses Quarter 4 54