Please find the attached question.

I need a complete answers for all the required tasks.

Thanks

MODULE SIX ACC 2113 MM Ltd prepared the following Absorption costing income statement for the year ended June 30, 201X: Sales (16000 units) $320,000 COGS $216,000 Gross Margin $104,000 S & A Expenses $46,000 Operating Income $58,000 Additional information: Selling and Administrative Expenses include $1.50 of variable cost per unit sold. There was no beginning inventory, and 17,500 units were produced. Variable manufacturing costs were $11 per unit. Actual fixed costs were equal to budgeted fixed costs. Required: a) Prepare a variable costing income statement for the same period. b) Reconcile the operating income shown above (Absorption Costing) with the operating income calculated in part (a). c) Provide a detailed explanation of why absorption costing and variable costing can result in different operating incomes. CHECK: (a) Operating Income = $54 250