Requirements 1. Compute the product cost per game produced under absorption costing and under variable costing. 2. Prepare monthly income statements for October and November, including columns for each month and a total column, using these costing methods: a. absorption costing. b. variable costing. 3. Is operating income higher under absorption costing or variable costing in October? In November? Explain the pattern of differences in operating income based on absorption costing versus variable costing. 4. Determine the balance in Finished Goods Inventory on October 31 and November 30 under absorption costing and variable costing. Compare the differences in inventory balances and the differences in operating income. Explain the differences in inventory balances based on absorption costing versus variable costing. Data table oxactly es planned. The following date are from Game Spots first two months in business: [Cick the ioon 10 view the dala.] Fiead the ctouire inents Requirement 1. Compute the product cost per game produced under absorption costing and under variable costing. Game Spot manufactures video games that it sells for $41 each. The company uses a fixed manufacturi exactly as planned. The following data are from Game Spot's first two months in business: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute the product cost per game produced under absorption costing and under variab a fixed manufacturing overhead allocation rate of $4 per game. Assume all costs and production levels are sting and under variable costing