Please help with the two questions provided

Question 1.

Dayton Lighting Company had operating income for the first 10 months of the current year of $112,000. One hundred forty thousand units were manufactured during this period {the same as the planned production], and 140,000 units were sold. Fixed manufacturing overhead was $1,120,000 over the 10month period {i-e_. $112,000 per month]. There are no selling and administrative expenses for Dayton Lighting Company. Both variable and xed costs are expected to continue at the same rates for the balance ofthe year He, fixed costs at $112,000 per month and variable costs at the same variable cost per unit}. There were 9,500 units in inventory on October 31. Twenty eight thousand units are to be produced and 26,600 units are to be sold in total over the last two months ofthe current year. Assume the unit variable cost is the same in the current year as in the previous year. {Hmt You cannot calculate revenue or cost of goods sold; you must work directly with contribution margin or gross margin.) If operations proceed as described, what will operating income for the year in total be under (a) variable costing and (b) absorption costing? (Do not round intermediate calculations.) Operating Income Variable costing Absorption costingGreat Outdoze Company manufactures sleeping bags, which sell for $65.90 each. The variable costs of production are as follows: Direct material $20.08 Direct labor 9.18 Variable manufacturing overhead ?.1B Budgeted xed overhead in 20x1 was $195,000 and budgeted production was 30,000 sleeping bags. The year's actual production was 30,000 units, of which 21700 were sold. Variable selling and administrative costs were $1.60 per unit sold; xed selling and administrative costs were $27,000. Required: 1. Calculate the product cost per sleeping bag under [a] absorption costing and [b] variable costing. 2-a. Prepare an operating income statement for the year using absorption costing. 2-b. Prepare an operating income statement for the year using variable costing. 3- Reconcile reported operating income under the two methods using the shortcut method. Calculate the product cost per sleeping bag under (a) absorption costing and (b) variable costing. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Product Cost Per Unit Absorption costing Variable costing1\" U | | | Prepare an operating income statement for the year using absorption ousting. {Dd not round intermediate calculations.) ales revenue ess: Cost of goods sold Gross margin Selling and Administrative Expenses Fixed selling and administrative Variable selling and administrative _ Operating income _ Prepare an operating income statement for the year using variable casting. (Do not round intermediate calculatinns.) Variable expenses: _ Variable manufacturing costs _ Variable selling and administrative costs _ Contribution margin _ Fixed manufacturing overhead _ Fixed selling and administrative costs _ Operang income _ Reconcile reported operating income under the two methods using the shortcut method. (Round your predetermined fixed overhead rate to 2 decimal places.) Change in inventory (in units) Predetermined fixed overhead rate Absorption-costing income minus variable-costing income unit increase =