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Please help. Can you show me how to calculate these accounting problems. Thanks hataqua Can Company manufactures metal cans used in the food -processing industry

Please help. Can you show me how to calculate these accounting problems. Thanks

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hataqua Can Company manufactures metal cans used in the food -processing industry . A case of cans sells for $ 25. The variable* Osts of production for one case of cans are as follows : Direct material $ 7. 80 Direct Labor 2.50 Variable manufacturing overhead 7 . 80 Total variable manufacturing cost per case* $16.50 Variable selling and administrative costs amount to $0.70 per case . Budgeted fixed manufacturing overhead is $304.000 per year, and Fixed selling and administrative cost is $38. 500 per year . The following data pertain to the company's first three years of operation . Year 1 Planned production ( in units ) \\Near 2 Year 3 76 , 980 Finished - goods inventory ( in units ) , January 1 21 . 890 Actual production ( in units ) Sales ( in units )| 76, 80 0 76 , 890 55 , 890 86 . 580 Finished - goods inventory ( in units ) , December 31 21 , 890 18, 50 0 Actual costs were the same as the budgeted costs Required : 1 . Prepare operating income statements for Chataqua Can Company for its first three years of operations using* 2 . Absorption costing b_ Variable costing. 2. Reconcile Chataqua Can Company's operating income reported under absorption and variable costing for each of its first three* \\wears of operation . Use the shortcut method .* 3. Suppose that during Chataqua's fourth year of operation actual production equals planned production , actual costs are as expected , and the company ends the year with no inventory on hand . &. What will be the difference between absorption -costing income and variable - costing income in year 4 ? bo_ What will be the relationship between total operating income for the four -year period as reported under absorption and variable* costing ?`

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