please answer it as soon as possible

ACC 420 MID-TERM FALL 2021 QUESTION 1 Max LTD began operations on January 1, 2021. There was no work in process inventory at December 31, 2020. Max uses actual cost system for product costing and actual costs for 2021 were as follows Direct Materials Direct Labour Fixed Manufacturing Overhead Fixed Selling &Admin expense Variable manufacturing cost Variable selling & admin ADDITIONAL DATA Units completed Units sold Sale price $12,000 $18,000 $50,000 $30,000 $ 7,000 $ 9,000 8500 6200 $40 REQUIRED 1. What is the product cost per unit under each of the following: a. Variable Costing b. Absorption 2. What is the finished goods inventory cost at December 31,2021 under each of the following ? a. Variable costing b. Absorption costing 3. Prepare income statements for Dec 2021 under each of the following: a. Variable costing b. Absorption costing 4. What has caused the difference in income due to the two di ways of calculating the net income