St. Germaine Company uses standard costing. Tim Sesnie, the new president of St. Germaine Company, is presented with the following data for 2017 : [Click the icon to view the data.) Read the reculrements. Requirement 1. At what percentage of denominator level was the plant operating during 2017? Determine the formula, then compute at what percentage of denominator level the plant was operating during 2017. (Abbroviation used: "mig" m manufacturing.) 1=ofdenominatorlevel= Data table Requirements 1. At what percentage of denominator level was the plant operating during 20177 2. How much foed manufacturing overtiead was included in the 2016 and the 2017 ending inventary under absorption costing? 3. Reconcie and explain the diflerence in 2017 operating incomes under variable and absorption cossing 4. Tme Sesile is concemed: He noles that despite an increase in sales over 2016, 2017 operating inoome has actually dedined under absorption costing. Explain how this oscurred