please complete all of the requirements shown.

Homework: HW CH 9 #5 Question 1, P9-47 (similar to) Part 1 of 6 > HW Score: 0%, 0 of 5 points O Points: 0 of 5 Save Steelville produces jet bridges for many domestic and international airports. Cost information for Steelville's jet bridges is as follows: (Click the icon to view the cost information.) Additional information for the first three quarters of 2020 for Steelville are shown below: (Click the icon to view the additional information for the first three quarters.) Steelville's controller, Nick, wishes to analyze the difference in the income statements between throughput costing, absorption costing, and variable costing for the first 3 quarters of 2020. Assume no beginning inventory. Read the requirements. Requirements Requirement 1. Prepare an absorption costing income statement. (C general and administrative.) net loss. Abbreviation used: DM = direct materials; SG&A = selling, Quarter 1 Absorption Costing: Revenues 1. Prepare an absorption costing income statement 2. Prepare a variable costing Income statement 3. Prepare a throughput costing income statement 4. Explain the difference in the net income under each costing method. 5. Based on the information provided, which costing method do you believe Steelville is currently using to calculate the bonus for the production manager? Why? 6. If Q4 sales were 77 and 04 actual and budgeted production was 61, what difference would you expect in Q4 income between absorption costing and variable costing? Why? Cost of goods available for sale || Print Done Net Income (loss) Steelville produces jet bridges for many domestic and international airports. Cost information for Steelville's jet bridges is as follows: (Click the icon to view the cost information.) Additional information for the first three quarters of 2020 for Steelville are shown below: (Click the icon to view the additional information for the first three quartere Steelville's controller, Nick, wishes to analyze the difference Read the requirements. Data table - X 20. Assun Variable costs per jet bridge: Materials 5,000 Abbreviati Requirement 1. Prepare an absorption costing income state general and administrative.) $ $ 3,400 Qua $ 6,800 Absorption Costing: Revenues Labor Manufacturing Overhead Selling General and administrative $ 1,000 $ 900 Fixed costs for the first 3 quarters of 2020: Manufacturing Overhead Selling $ 976,800 allocated based on budgeted production 560,000 $ Cost of goods available for sale General and administrative $ 955,000 Print Done I Net income (oss) he income statements between throughput costing, absorption costing, and variable costing for the first 3 quarter Data table ent. (C net 1st Quarter 2nd Quarter 3rd Quarter 70 77 75 er 1 Budgeted production Actual production 70 77 75 Sales 66 71 65 Sales price: $31,000 per jet bridge Fixed selling costs by quarter Fixed G&A costs by quarter 190,000 190,000 180,000 415,000 270,000 270,000 Print Done