please help find the red an yellowmanufactures. The following selected data are for the year:

Part $1$: Calculate production costs per unit under variable and absorption costing.

$ $129,600/12,000$ units produced $($first one done for you$)$

art $3$: Prepare a multi$-$step income statement under absorption costing.

Costner Company

Absorption Costing Income Statement

For Year Ended December $31$

ales

ess: Cost of Goods Sold

Production Cost

fross Profit

perating Expenses

Variable Selling and Admin

Fixed Selling and Admin

otal Expenses

let Income

$($Hint: This number should be Total Operating Expenses$)$

COGS $-$ Total Expenses

Part $4$: Explain the reason for the difference in net income between Part $2($Variable$)$ and Part $3($Absorption$).$

Explaination: $($Part $4$ is only worth $1$ point total so just do the best you can here. I$\text{'}$m just looking for a decent y effort.$)$

Fixed overheads deferred in absorption

Fixed Overhead

Fixed $OH$ applied

Difference

Income under Absorption

These two should${}_{\stackrel{}{x}}$ agree.