The Green Manufacturing Company manufactures construction hardhats and uses 31', costing system based on standard costs. Variable manufacturing costs consist of direct material cost of $5.00 per unit and direct manufacturing labour costs of $2.00 per unit. The standard production rate is 20 (twenty) units per machine-hour. Total I ' budgeted and actual fixed manufacturing overhead costs are $1,600,000. Fixed manufacturing overhead is allocated at $40 per machine-hour based on fixed manufacturing costs of $1,600,000 + 40,000'machine hours, which is the level Green Manufacturing Company uses as its denominator level. The selling price of each hardhat is $15 per unit. Variable operating (non- manufacturing) cost, which is driven by units sold, is $2 per unit. Fixed operating (non-manufacturing) costs are $820,000. Beginning inventory on January 1, 2020 was 10,000 units and ending inventory on December 31, 2020 is 20,000 units. Sales - in 2020 were 700,000 units. For simplicity. assume that the same standard unit costs persisted in 2019 and 2020, and assume that there are no price. spending or efficiency variances. The company is trying to decide whether to use Absorption Costing, Variabie Costing or Throughput Costing. Required: In the space provided below. show y0ur calculations for the following four multiple- choice questions. 3 marks are awarded for each correct corresponding calculation method is: [4 Marks 1 mark for correct answer and 3 marks for showing cornea The tota| operating costs (period costs) amount using the Throughput costing calculations in the space provided). 0 $2,220,000 0 $2,240,000 0 $4,220,000 0 None of the other answers 0 $5,240,000 C) $4,420.000 Question 20 [1 point) agitate!!! '- i To reconcile the Absorption Net Income to the Variable Net income, the formula would be: (4 Marks 1 mark for correct answer and 3 marks for showing correct calculations in the space provided). 0 $1,600,000 Absorption Net Income minus $1,580,000 Variable Net income = - I $40,000 FMOH ending inventory minus $20,000 FMOH beginning inventory. 0 None of the other answers Q $1,800,000 Absorption Net Income minus $1,750,000 Variable Net income = $100,000 FMOH ending inventory minus $50000 FMOH beginning inventory. Cl $1,620.000 Absorption Net Income minus $1,600,000 Variable Net income = $180000 ending inventory minus $90000 beginning inventory. C} $1,600.000 Absorption Net income minus 51.510000 Variable Net income = $180000 ending inventory minus $90000 beginning inventory. quesuon 21 ll pomtl MI: The total xed costs amount in period costs using the Variable costing method is: (4 Marks - 1 mark for correct answer and 3 marks for showing correct calculations in the space provided). 0 $1,420,000 0 $2,200,000 0 None of the other answers Q 252420.000 3': {'19'51440000 a _ 5820.000 The Cost of Goods Available for Sale using the Throughput costing method is: (4 Marks - 1 mark for correct answer and 3 marks for showing correct calculations in the space provided). 0 $3,600,000 0 $5,040,000 0 None of the other answers 0 $3,550,000 Q $5.060.000 - if} $6.480000 Question 21 {1 point)