Polar Industries manufactures a commerical size refrigerator for restaurants and commercial kitchens. The commercial refrigerators are sold for 5960 Selected data for the company's operations last year follow 230 200 30 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ 3 $ 110 120 30 10 $ 69,000 $27.000 The absorption costing income statement prepared by the company's accountant for last year appears below Sales Cost of goods sold Gross sargin Selling and administrative expense Net operating income $ 192,000 152,000 40,00 29.000 5 11,000 Required: 1 Under absorption conting, how much foed manufacturing overhead costs included in the company's Inventory at the end of last year 2. Prepare an income statement for last year using variable costing. What is the amount of the difference in net operating income between the two costing methods Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 28 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Fixed manufacturing overhead cost included in Inventory Rug Reg 2A > Complete this question by entering your answers in the tabs below. Req 1 Req 2A Reg 28 Prepare an income statement for last year using variable costing. Polar Industries Variable Costing Income Statement Regi Ben 20 Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B What is the amount of the difference in net operating income between the two costing methods? Amount of the difference in net operating income