Qustion list Que own hydroelectric plant to supply power, light, and heat. The company manufactures a synthetic fertilizer from air and river vater and sells its product at a price that is not expected to change. It has a small staff of employees, all paid foxed annual salaries. The output of the plant can be increased or decreased by pressing a few buttons on a keyboard. The following budgeted and actual data are for the operations of Mulberry All-Fixed. (Click the icon to view the budgeted and actual data.) Question 2 Read the requirements. Question 3 Requirement 1. Prepare income sta:ements with one column for 2018 , one column for 2020 , and one column for the 2 years together using (a) variable costing and (b) absorption costing. (Use parentheses or a minus sign for an operating loss.) Question 4 Start by preparing the (a) variable costing income statement for 2019,2020 , and the 2 year total. Requirements 1. Prepare income statements with one column for 2019 , one column for 2020 , and one column for the 2 years together using (a) variable costing and (b) absorption costing. 2. What is the breakeven point under (a) variable costing and (b) absorption costing? 3. What inventory costs would be carried in the balance sheet on December 31,2018 and 2020 , under each method? 4. Assume that the performanoe of the top manager of Mulberry All - Fixed is evaluated and revarded largely on the basis of reported operating income. Which costing method would the manager prefer? Why? inventory at the start of 2020