Variable and Absorption Costing with High-Low Cost Estimation and CVP Analysis Including Taxes Presented are the Charger Company's functional income statements for January and February CHARGER COMPANY Functional (Absorption Costing) Income Statements For the Months of January and February January February Production and sales 28,000 32,000 Sales Revenue $1,960,000 $2,240,000 Cost of goods manufactured and sold (1,176,000) (1,232,000) Gross profit 784,000 1,008,000 General and administrative expenses (520,000) (520,000) Net operating income 264,000 488,000 Income taxes at 0.21 (55,440) (102,480) Net income after taxes $208,560 $385,520 Required a. Using the high-low method (see Chapter 2), develop a cost-estimating equation for total monthly manufacturing costs. Total monthy manufacturing costs = $ 0 + $ 0 b. Determine Charger Company's monthly break-even point. Note: Round your answer UP to the nearest whole unit (for example, enter 58 for 57.1). b. Determine Charger Company's monthly break-even point. Note: Round your answer UP to the nearest whole unit (for example, enter 58 for 57.1). 0 units c. Determine the unit sales required to earn a monthly after-tax income of $480,000. Note: Round your answer UP to the nearest whole unit (for example, enter 58 for 57.1). 0 units d. Prepare a January contribution income statement using variable costing. Note: Do not use a negative sign with any of your answers. Charger Company Contribution (Variable Costing) Income Statement For the month of January Sales revenue $ 0 Variable costs: Cost of good sold 0 Contribution margin 0 Fixed costs: Manufacturing 0 General & administrative 0 Net income before taxes 0 Income taxes 0 Net income $ 0 e. Is January net income amount different using absorption and variable co