please answer problem 7-3 Ive attached two photos that show the whole problem

"I'm confused, Said thu units per month, but we sold only 15.000 units in July, al a $10,000 profit for that month. Either the income statement is wrong or the break-L wrong." Prepare a brief memo for the president, explaining what happened on the July absorption costing income statement. PROBLEM 7-23 LO7-2, LO7-3 Absorption and Variable Costing: Production Constant, Sales Fluctuate LO7-1, 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 sonal 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. Tami's Creations, Inc. Income Statement For the Quarter Ended March 31 Sales (28,000 units). Variable expenses: $1,120,000 Variable cost of goods sold Variable selling and administrative $462,000 168,000630,000 490,000 Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative 300,000 200,000500,000 $ (10,000) Variable Costing and Segment Reporting: Tools for Management 325 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: 30,000 28,000 Units produced Variable costs per unit: Direct labor Variable manufacturing overhead.. Variable selling and administrative $3.50 $12.00 $1.00 $6.00 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. Was the CPA correct in suggesting that the company really carned a "profit" for the quarter? Explain. During the second quarter of operations, the company again produced 30,000 units but sold 32,000 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 2. 3