Question 22 (4 points) Information for questions 22 - 25: Spring Flowers Inc. produces an environmentally friendly fertilizer which it sells wholesale at a price of $55 per cubic yard. The rm uses normal volume of 5,000 cases as the denominator for allocating xed manufacturing overhead to the product. Costs and production and sales volumes for the rst year of the rm's operation are presented below. Assume that there are no variances except the production volume variance for xed manufacturing overhead, and that this variance is closed to cost of goods sold at the end of the year. Year 1 Sales (in cubic yards) 3,900 Production (in cubic yards) 4,300 Production costs: Variable manufacturing costs $18,060 Fixed manufacturing overhead $60,000 Selling and administrative costs: Variable $13,500 Fixed $20,000 What is the amount of operating income using absorption costing? Questlon 23 (4 points) What is the amount of operating income using variable costing? Questlon 24 (4 points) What is the amount of the production volume variance (PW)? Question 25 (4 points) Suppose that practical capacity at Spring Flowers is 6,000 units. What is the cost of unused (planned + unplanned) capacity