Please include the explanations. Thank you.

1) Scavenger Company, a manufacturer of recycling bins, began operations on January 1 of the current year. During this time, the company produced 60,000 units and sold 55,000 units at a sales price of $15 per unit. Cost information for this year is shown in the following table: Given the Scavenger Company data, what is net income using absorption costing?

a. $201,250

b. $181,250

c. $150,000

d. $177,600

e. $276,250

2) Wind Fall, a manufacturer of leaf blowers, began operations this year. During this year, the company produced 10,000 leaf blowers and sold 8,500. At year-end the company reported the following income statement using absorption costing: Production costs per leaf blower total $20, which consists of $16 in variable production costs and $4 in fixed production costs (based on the 10,000 units produced). Fifteen percent of total selling and administrative expenses are variable. Compute net income under variable costing.

a. $146,500

b. $158,500

c. $237,500

d. $206,500

e. $246,500

3) Fomtech, Inc. had net income of $750,000 based on variable costing. Beginning and ending inventories were 50,000 units and 48,000 units, respectively. Assume the fixed overhead per unit was $.75 for both the beginning and ending inventory. What is net income under absorption costing?

a. $751,500

b. $676,500

c. $823,500

d. $748,500

e. $750,000

Production costs Direct materials Direct labor Variable overhead Fixed overhead $2.50 per unit S3.00 per unit $45.000 in total $240.000 in total Nonproduction costs Variable selling and administrative Fixed selling and administrative S10,000 in total $50,000 in total