please answer 1B, 1C, and 3A,B,C

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education.com%252Fmghmiddle 6 Saved Help Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just completed a course in managerial accounting at State University, 31.120,000 Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,200 units) Variable expenses Variable cost of goods sold $ 468,120 Variable selling and administrative 1971,400 Contribution margin Fixed expenses Pixed manufacturing overhead 265,600 Yixed selling and administrative 216.80 Net operating loss 665,520 462,480 412480 ( 20,000) Ms. Tyler is discouraged over the loss shown for the quarter, particularly because she had planned to use the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costing rather than variable costing and argues that if absorption costing had been used the company probably would have reported at least some profit for the quarter, At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: Units produced Units Bold Variable costs per unit hirap tariala 33,200 28, 200 710 argues taur absorpuon cosung nau been used the company probably would have reported at least some pront of the quarter. At this point, Ms. Tyler is manufacturing only one product-a swimsuit. Production and cost data relating to the swimsuit for the first quarter follow: 33,200 28,200 Units produced Units told Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $7.30 $ 7.50 $ 1.80 $ 7.00 Required: 1. Complete the following: a. Compute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconcile the variable and absorption costing net operating income (loss) figures. 3. During the second quarter of operations, the company again produced 33,200 units but sold 38,200 units. (Assume no change in total fixed costs.) a. What is the company's variable costing net operating income (loss) for the second quarter? b. What is the company's absorption costing net operating income (loss) for the second quarter? c. Reconcile the variable costing and absorption costing net operating incomes for the second quarter Complete this question by entering your answers in the tabs below