The HUR CORPORATION sells its pencils for $3 per unit. The company uses a FIFO, actual cost system. The following data are related to its first two months of operation: Required: Prepare income statements based on an actual absorption costing system for each of the two months. Explain for what purpose HUR would use an actual absorption costing system. Prepare income statements based on an actual variable costing system for each of the two months. Explain for what purpose HUR would use an actual variable costing system. Prepare a numerical reconciliation for each of the two months and an explanation of the differences between the absorption costing net incomes and the variable costing net incomes. In other words, explain with numbers why the incomes are different between the two systems. Prepare income statements based on an actual throughput costing system for each of the two months. Explain for what purpose HUR would use an actual throughput variable costing system. Prepare a numerical reconciliation for each of the two months and an explanation of the differences between the variable costing net incomes and the throughput costing net incomes. In other words, explain with numbers why the incomes are different between the two systems