Please finish requirements 3 and 4!

Kerwin Company uses standard costing. Tim Monachino, the new president of Kerwin Company, is presented with the following data for 2020 : (Click the icon to view the data.) Data table Read the requirements. Requirement 1. At what percentage of denominator level was the plant operating during 2020? Determine the formula, then compute at what percentage of denominator level the plant was operating during 2020. (Abbreviation used: "mfg" = manufacturi Requirement 2. How much fixed manufacturing overhead was included in the 2019 and the 2020 ending inventory under absorption costing? Determine the formula, then compute how much of fixed manufacturing overhead was included in the 2019 and the 2020 ending inventory under absorption Requirement 3. Reconcile and explain the difference in 2020 operating incomes under variable and absorption costing. Begin by determining the formula that will highlight the difference between the operating income under each method, then complete the equation for 2020 . ( Requirements 1. At what percentage of denominator level was the plant operating during 2020 ? 2. How much fixed manufacturing overhead was included in the 2019 and the 2020 ending inventory under absorption costing? 3. Reconcile and explain the difference in 2020 operating incomes under variable and absorption costing. es Get more help 4. Tim Monachino is concerned: He notes that despite an increase in sales over 2019, 2020 operating income has actually declined under absorption costing. Explain how this occurred