Required: 1. Calculate operating income under the alternate method. To support your answer, map the steps to take to get the answer. 2. Identify the method by which the statement of income and expenses presented to you was prepared. 3. Identify what are the steps to get the information you need to get the answer 4. Calculate how much of FMO was charged to expense under either method. Fundamentally and document. INFORMATION FOR PROBLEM - YEAR 2011 Revenue (7,500 units) $7,500,000 Cost of sold: Initial inventory (500 units) $167,500 $3,350,000 Units produced (10,000) Variable costs of products: $200 $3,517,500 Total units available for sale (10,500 units) Ending inventory (3,000 units) $1,005,000 270,000 Denominator Level Variation Adjustment Favorable Adjusted Cost of Sold $2,242,500 Gross Profit Margin $5,257,500 Marketing Cost: Variable 1,387,500 Fix 1,380,000 Operational Income $2,490,000