executive summary would be helpful but not required

By applying a variety of cost accounting methods to the operating data of a given year, the controller of a manufacturing company prepares the following alternative income statements Sales Cost of goods sold Variances: $420,000 $250,000 $375,000 1892 000 15,000 5,000 25,000 350,000 $770,000 $230,000 Direct materials Direct labor Manufacturing overhead 15,000 5,000 475,000 $770,000 $745,000 $255,000 25,000 350,000 $770,000 $230,000 Other costs (all fixed 350,000 Operating income $230,000 REQUIRED: 1. The controller used the following costing methods: (a) actual costing, (b) normal costing, (c) standard absorption costing, and (d) standard variable costing. Match each of these methods with the appropriate income statement, A, B, C, or D above, and explain the basis of your selection. During the year, did inventory quantities increase, decrease, or remain the same? Explain. 2. 3. During the year, was the level of production higher than, lower than, or equal to the 4. During the year, was the variable manufacturing overhead incurred more than, less than, o1r 5. An EXECUTIVE SUMMARY is required. company's denominator level of volume? Explain. equal to the budget? Explain