please read the question carefully and provide clear answer please

Benson Company incurred manufacturing overhead cost for the year as follows. Direct materials $ 38.80/unit Direct labor $ 27.50/unit Manufacturing overhead Variable $ 11.80/unit Fixed ($18.60/unit for 1,700 units) $31,620 Variable selling and administrative expenses $ 7,440 Fixed selling and administrative expenses $14,100 The company produced 1700 units and sold 1,200 of them at $180.70 per unit. Assume that the production manager is paid a 1 percent bonus based on the company's net income. Required 0. Prepare an income statement using absorption costing b. Prepare an income statement using vartable costing c. Determine the manager's bonus using each approach. Which approach would you recommend for internal reporting? Required A Required B Required Prepare an income statement using absorption costing. BENSON COMPANY Income Statement (Absorption Costing) ok mit Cost of goods Sold int cences + 0 $ 0 $ 0 Required a Required B Required Prepare an income statement using variable costing. BENSON COMPANY Income Statement (Variable Costing) Variable costs 0 $ 0 Required A Required B Required Determine the manager's bonus using each approach. Which approach would you recommend for internal reporting? your intermediate calculations and final answers to the nearest whole dollar amount.) OK Absorption costing Variable costing Which approach is recommended? rences