Question: I am more interested in the volume variance for absorption costing for year 2. ( please show calculations) and the bottom questions that's all I

Required: Calculations (in Excel) - See Rubric for requirements 1. Prepare the absorption costing income statements that Maya would have shown Jadyn for both years. Assume beginning FG inventory cost per unit in Year 1 is the same as the current period's inventory cost per unit under absorption costing. 2. Prepare the variable costing income statements that Maya would have shown Jadyn for both years. Assume beginning FG inventory cost per unit in Year 1 is the same as the current period's inventory cost per unit under variable costing. 1. Explain why income is the same or different on the absorption costing income statement in these two years when sales volume was the same? 2. Explain why the income is the same or different on the variable costing income statement in these two years when sales volume was the same? 3. Explain why income is the same or different between variable and absorption costing each year. 4. Maya is hoping that she can talk Jadyn into helping her press the issue of a different costing system with the executive team. Provide Jadyn with at least 2 advantages for using each system. 5. Should management consider using both methods? What additional costs would the company possibly incur if it presents its income statements on a quarterly basis using both absorption and variable costing? Do you believe the benefit of the variable costing information is worth its cost? Explain
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