Rooney Company incurred manufacturing overhead cost for the year as follows. The company produced 1,200 units and sold 700 of them at $181.30 per unit. Assume that the production manage bonus based on the company's net income. Required a. Prepare an income statement using absorption costing. b. Prepare an income statement using variable costing. c. Determine the manager's bonus using each approach. Which approach would you recommend for internal repor The company produced 1,200 units and sold 700 of them at $18130 per unit. Assurne that the production manager is paid a 2 percent bonus based on the company's net income Required a. Prepare an income statement using absorption costing b. Prepare an income statement using variable costing. c. Determine the manager's bonus using each approach. Which approach would you recommend for internal reporting? Complete this question by entering vour answers in the tabs below. Prepare an income statement using absorption costing. Complete this question by entering your answers in the tabs below. Prepare an income statement using variable costing. Determine the manager's bonus using each approach. Which approach would you recommend for your intermediate calculations and final answers to the nearest whole dollar amount.)