Violins Galore produces? student-grade violins for beginning violin students. The company produced 2,200 violins in its first month of operations. At? month-end, 550 finished violins remained unsold. There was no inventory in work in process. Violins were sold for $117.50 each. Total costs from the month are as? follows:

Direct materials used	$94,800
Direct labor	$60,000
Variable manufacturing overhead	$30,000
Fixed manufacturing overhead	$41,800
Variable selling and administrative expenses	$7,000
Fixed selling and administrative expenses	$13,700

1a. Total expenses shown below the contribution margin line

2a. Dollar value of ending inventory under absorption costing

3a. Dollar value of ending inventory under variable costing

4a. Which income statement will have a higher operating? income? By how? much? Explain