Please complete all instruction questions.

E8.19 (LO 1,3) Bob's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs: Variable cost per unit Direct materials $6.50 Direct labour 2.75 Variable manufacturing overhead 5.75 Variable selling and administrative expenses 3.90 Fixed costs for year Fixed manufacturing overhead $285,000 Fixed selling and administrative expenses 240,100 Bob's Company sells the fishing lures for $25. During 2020, the company sold 80,000 lures and pro- duced 95,000 lures. Instructions a. Assuming the company uses variable costing, calculate Bob's manufacturing cost per unit for 2020. b. Prepare a variable-costing income statement for 2020. E8.20 (LO 1) Information for Bob's Company is provided in E8.19. Instructions a. Assuming the company uses absorption costing, calculate Bob's manufacturing cost per unit for 2020. b. Prepare an absorption-costing income statement for 2020. *E8.21 (LO 4) Information for Bob's Company is provided in E8.19. Instructions a. Assume the company uses normal costing and uses the budgeted volume of 93,860 units to allocate the fixed overhead rate rather than the actual production volume of 95,000 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Do the following: 1. Calculate the manufacturing cost per unit. 2. Prepare a normal-costing income statement for 2020. b. Reconcile the difference in net income between the absorption-costing and normal-costing methods