Please complete the entire question and show the work need this done ASAP

Absorption and Variable Costing with Over- and Underapplied Overhead Flaherty, Inc., has just completed its first year of operations. The unit costs on a normal costing basis are as follows: it During the year, the company had the following activity: compute the predetermined overhead rates. Any overhead variances are closed to Cost af Goods Sold. Required: 1. Compute the unit cost using (a) absorption costing and (b) variable costing. Fanchack V Crars kiy Wirk Absorption costing assigns all manufacturing pasts to each unit produced. 3. Prepare a variable-costing Income statement. Round vour answers to the nearest cent. Feedback Check My Work Use a contribution margin format income statement that groups costs according to behavior (variable and fixed) 4. Reconcile the difference between the two income statements. The absorption costing generates an income \$ than variable costing. Feedback Check My Work IAIV= Fixed overhead rate ( Production Sales )