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Absorption vs. Variable Costing Brindle Arts uses Variable Costing for internal purposes, but uses Absorption Costing for their financial reports. The following information is for Quarters 3 and 4, 2022. Calculate unit pmduct costs for Quartes 3 and 4 for Variable and Absorption Costing. Prepare an income for each method, then show why is a difference AbsvsVar _ out of 20 pohts between the two. price per unit Units in beginning inventory Production (in units) Sa units) inv entory 205 10,500 V unt Direct materials Direct labor Va ria ble overhead riab1eS&A 14,000 5450000 75.00 25M 20. (n 15M quarter Fixed ma nufacturing overhead Fixed sellir* & adm inistra tive Show the difference between variable costing NOI ariable Com pute the unt product costs for Qua rters3 a nd 4 Quarter 3 V arbk uni t c on Quarter 4 Prepare an hcome Qatement for Quarters 3 and 4 Sales Va ria ble expenses: VariablecoGS Variables&A Tota v a riable expenses Contribution Margin F ex penses: Fixed MOH FixedS&A Tota fixed ex penses Net e Compute the unit product costs for Qua rters3 and 4 and abso tion costin NO'. Qua rter 3 units in beginning inventory + units produced units sold = units in inventory FOH costs in ending inventory FOH in beg. inv. = FOH deferred in inventory or released from inventory Select: Md/less: FOH deferred/released inventory Absorption costing NOI Qua rter 4 Select: Quarter 3 t cost Quarter 4 Prepare an hcome statement for Quarters 3 and 4 Quarter 3 Sales G ross Margin S&A Ex penses Quarter 4 54