Rundle Manufacturing pays its production managers a bonus based on the company's profitability. During the two most recent years, the company maintained the same cost structure to manufacture its products, Units Produced Units sold 4.000 6,000 4,000 4,000 Year Production and Sales Year 2 Year 3 Cost Data Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Variable selling and administrative expenses Fixed selling and administrative expenses 5 13.80 per unit $ 22.30 per unit $ 10.00 per unit $97,200 $ 8.00 per unit sold $51,000 Assume that selling and administrative expenses are associated with goods sold) Rundle sells its products for $108.10 per unit Required a. Prepare income statements based on absorption costing for Year 2 and Year 3. b. Since Rundle sold the same number of units in Year 2 and Year 3. why did net income increase in Year 3? d. Determine the costs of ending inventory for Year 3. e. Prepare income statements based on variable costing for Year 2 and Year 3 Required a. Prepare income statements based on absorption costing for Year 2 and Year 3 b. Since Rundle sold the same number of units in Year 2 and Year 3. why did net income increase in Year 3? d. Determine the costs of ending inventory for Year 3 e. Prepare income statements based on variable costing for Year 2 and Year 3 Complete this question by entering your answers in the tabs below. Reg A Year 2 Reg A Year 3 Reg RegD Reg. Year 2 Real Year 3 Reqs Prepare income statements based on absorption conting for Yea RegE Year 2 nd intermediate calculations.) RUNDLE MANUFACTURING Absorption Costing Income Statement For the Year Ended Dec 31, Yar 2 Reveries Cost of Goods Sold Direct materials Direct labor Manufacturing overhead 0 0 Gross margin Selling and administrative expenses Net income $ 0 BAT Reg A Year 3 ) Required a. Prepare income statements based on absorption costing for Year 2 and Year 3 b. Since Rundle sold the same number of units in Year 2 and Year 3. why did net income increase in Year 3? d. Determine the costs of ending inventory for Year 3 e. Prepare income statements based on variable costing for Year 2 nd Year 3. Complete this question by entering your answers in the tabs below. Regar a Reus Reg RD Regar RAGE Prepare Income statements based on absorption costing for Year J. (Do not round intermediate catulations.) RUNOLE MANUFACTURING Absorption Costing Income Statement For the Year Ended Dec. 31. Yun Cost of Goods Sold Rundle Manufacturing pays its production managers a bonus based on the company's profDuring the two most recent years the company maintained the same cost structure to manutectures products its Producer Sold Production and Sales Year Year 6.00 4.000 Yes Direct materias Direct labor Manufacturing over Mufacturing everhead Variabile selling and instrative expenses Find selling and beinistratives 5 13.88 per $ 22.5 ter 39,20 3.pit so Assume that selling and administrative expenses are associated with goods sold) Rundle ses ts products for S10830 per unit Required a. Prepare income statements based on absorption costing for Year 2 and Y3 b. Since Rundle sold the same number of units in Year 2 nd Year 3 why net income screase in Year 3 d. Determine the costs of ending inventory for Year 3 e. Prepare income statemerits based on variabile costing for Year 2 and Year 3 Complete this question by entering your answers in the tabs below Reg Avar2 FAY Ren RERE Determine the couts of ending inventory for Year 2. (a) Ending invitat Reg. Year > Required a. Prepare income statements based on absorption costing for Year 2 and Year 3 b. Since Rundle sold the same number of units in Year 2 and Year 3. why did net income increase in Year 3 d. Determine the costs of ending inventory for Year 3 e. Prepare income statements based on variable costing for Year 2 nd Year 3 Complete this question by entering your answers in the tabs below. Reg A Year 2 Reg A Year 3 Rea Red Eyear a Floq E yuara Prepare income statements based on variable costing for Year 2. (Do not rotund intermediate calculation) RUNDLE MANUFACTURING Variable Costing Income Statement For the Year Ended Dec. 31, Year 2 Variable cost 0 Required a. Prepare income statements based on absorption costing for Year 2 and Year 3 b. Since Runde sold the same number of units in Year 2 and Year 3. why did net income increase in Year 3? d. Determine the costs of ending inventory for Year 3 e. Prepare income statements based on variable costing for Year 2 and Year 3 Complete this question by entering your answers in the tabs below. RAY 2 Reg A Year Reg D He waar Prepare income statements based on variable conting for war (Dis not round intermediate calculation) RUNOLE MANUFACTURING Variable Costing Income Stateme For the Year Ended Dec. 31 Year) Varios