1. Variable Costing vs Absorption Costing (5pts): Zintendo, Inc. is a manufacturer of gaming systems and has provided the following information for its first two years of operation: Per Year: Per Unit: $349.00 Per unit sold Selling price Manufacturing Costs: Direct Materials Direct Labor Variable OH Fixed OH Selling & Administrative expenses: Variable Selling and Administrative Fixed Selling and Administrative $56.50 Per unit produced $36.00 Per unit produced $19.75 Per unit produced $3,940,000 $16.10 per unit sold $2,087,995 2020 Units Produced Units Sold 2019 500,000 493,000 500,000 507,000 a. b. Calculate the value of the units in ending inventory as of 12/31/2019 using absorption costing. (0.5pt) Calculate the value of the units in ending inventory as of 12/31/2019 using variable costing. (0.5pt) c. Prepare the income statement for the year ended 12/31/2019 using absorption costing. Be sure to use proper formatting, including a formal heading which includes the firm's name, the name of the statement, and the period. (1pts) d. Prepare the income statement for the year ended 12/31/2019 using variable costing. Be sure to use proper formatting, including a formal heading which includes the firm's name, the name of the statement, and the period. (1pts) Prepare the income statement for the year ended 12/31/2020 using absorption costing. Be sure to use proper formatting, including a formal heading which includes the firm's name, the name of the statement, and the period. (1pts) f. Prepare the income statement for the year ended 12/31/2020 using variable costing. Be sure to use proper formatting, including a formal heading which includes the firm's name, the name of the statement, and the period. (1pts) e