Question: Please do requirements 1-3. The last picture has the data information. Thank you Hamington Manufacturing manufactures a single product that it will sell for $68

Please do requirements 1-3. The last picture has the data information. Thank you  Please do requirements 1-3. The last picture has the data information.
Thank you Hamington Manufacturing manufactures a single product that it will sell
for $68 per u he company is looking to project its operating
income for its first two years of operations. Cost nformation for the

Hamington Manufacturing manufactures a single product that it will sell for $68 per u he company is looking to project its operating income for its first two years of operations. Cost nformation for the single unit of its product is as follows: During ts irst yoar of operations, the company plans to manufacture 21,000 units and anticipates selling 14,000 of those units. During the second year of its operations, the company plans to manufacture 21,000 units and anticipates selling 27,000 units (it has units in beginning inventory for the second year from its first year of operations) Read the 0(Cick the con to view the data ) Requirement 1. Prepare an absorption costing income statement for (a) the first year of operations and (b) the seoond year of operations Hamington Manufacturing Income Statement (Absorption Costing) (a) Year 1(b) Year 2 Less: Less the variable costing income statements for Hamington, predict the company's operating income using variable costing for both its first year and its second year i Calculate the variable costing operating income for a given year by taking that years absorption cosing operating income and without preparing the variable costing income statements. Hint adding or subtracting the difference in operating income as caloulated using the following formda: Diffrence in operating income (Change in inventory level in units x Fxed MOH per unt) Begin by caiculating the difference in income each year uaing the formuia provised Change in inventory Fixed MOHH Oifference in Choose from any list or enter any number in the input flields and then continue to the next question. mington Man fact ing in factre..so e p dut the it wil sel for S88 per unt. The cre ynoking to Da ng its frst year of censors the co pary pars to and Me200 va ad art passeins a 0 project ts operating incom orits fist two yeers of operations Cost information for the single unit of its product is those units. During the second year of its operations, the company plans to manufacture 21,000 units and articipates selling 27,000 snits t has unts in begisning inventory for the second year from its first year of operations (Click the ioon to view the data) Read the umnem Requirement 2. Before you prepare the variable costing income staements for Hamrgton predict he company's operating income uning varisble cesng for both is first yeer and its second year without preparing the varistie costr elowing formula Dleence in operating income (Change in inventsry level in unets x Fxed UIOM per ant Begin by calolating the differance in income each year using the formula provided iflene in Change in invetary level in units per unit operating income Now predict Haningion's operating inoome under variable cosong for both its firat year and its second year of operations Operating inoome under varable costing amiengton Manufacturing manufactures a single product thst it wil sell for $68 per unit. The company is looking t During its first year of eperations, the compeny pians s those units During the second year of its oparations, t to manufacture 21,000 unts and anticipabes seling 14,000 of he company plans to manufacture 21,000 urits and ts cperating income for its tirst twro years of operations.Cost intormation for the single unit of its product (Click the loon to view the data.) anticipates selling 27,000 units (it has units in beginning inventory tor the second year from its ret year of operations) Requirement Prepare a varable cong noome statement for iais tre yoer of eperatora "d O) the seco d year a pense Hamington Manufacturing Centribution Margin Income Statement Variable Costing a) Year t (bi Year 2 Less Choose rom any list or ener any number in the roud teids and ten cotnue to the nest queation ts first year of operations, the company plens to manufacture 21,000 units and ansoipates seling 14,000 o Hamington Marufacturing manufactures a single grosuct That i wilsl for SEB per unit. The company is looking to During project its operating inconse for bs frst teo years of operations. Cont Information for the single unit of is product is hose unts. During the second year of its opsrations, the compary plans as folows o manutacture 21,000 units and anticipates seling 27,000 units (t has units in beginning inventory for the secend year from ts frst year of (Cick the icon to view the data.) O Requrements ations and (b) More Info 1.Propare an absorption costing income stalemant for the foilowing: The Sret yoer of operations b. The second year of operations Direct material per unit produced $29 Direct labor cost per unt produced $10 Variable manufacturing overhead (MOH) per unit produced Se 2. Before yeu prepare the varlable costing income statements for Hamington prediot the company's opersing income uing variable costing for both ts firs ear and its eoond year without preparing the variabie coeieg inoome statemerts. Hint Calcuiale the variable costing operating income for a given ear by taking that years absorption costing operating income an asing or subtracting the diferance in operaing inoome as caculated using the folowing Vanable operating expenses per unit sold $? whle fxed speraing expensas for each year wll be $80.000 Fised manufacturing owerhead (MOH) for each year is 5147 000 Le fernce in operating ncome (change in inventory level in units x Fuwed t preparing the variable cosr as calculated using the Print Done redict trhe oon3 Prepare a variable costing income stathement for each of the tollowing years Requireme noome sta a The Srst year of operations b The seoond year of operations Begin by caiolating te dference in income each year using the form.dia provided Change in nventory Fised MOH Oiference n Pirt Done Choose from any let or enter any number in the input flelds and then contrue to the next

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