thanks so much to solve it

(30 points) variable costing vs absorption costing. Playa Bonita Inc. manufactures a single product and provided the following information. In all parts of this question show your calculations and relevant units. Selling price per unit 120 Direct materials per unit produced 10 Direct labor per unit produced 12 Variable manufacturing overhead costs per unit produced 25 Variable selling & administration expenses per unit sold 12 Total fixed manufacturing overhead per year 360,000 Total fixed selling & administration expenses per year 180,000 For 2020, Playa Bonita's beginning inventory was 5,000 units and ending inventory was 2,000 units. The company manufactured 20,000 units in 2019, and 18,000 units in 2020. Answer the following questions for year of 2020 and assume the company use the FIFO method to account for its inventory. a) What is product cost per unit under variable costing? b) What is product cost per unit under absorption costing? c) 2020 beginning inventory under variable costing is: d) 2020 beginning inventory under absorption costing is: e) 2020 ending inventory under variable costing is:_ f) 2020 ending inventory under absorption costing is:g) 2020 cost of goods sold under absorption costing is: h) 2020 cost of goods sold under variable costing is: i) Prepare the 2020 income statement based on absorption costing: j) Prepare the 2020 income statement based on variable costing:k) Does the 2020 income differ between the two methods? I} If yes, which 2020 income is higher? By what amount? Explain why? m} Under what condition your answer to part I would reverse? n} The production manager was not happy to see 2020 inventory going down that much and wanted to increase production during 2020 by 1,000 units. The CFO, on the other hand, argued that based on current demand the company would not be able to increase sales beyond the current level and, therefore increasing production would increase costs but not revenues, and would decrease the net income reported to investors {6MP net income}. 11'1e production manager, a NYU Stern graduate, told the CFO that GAAP net income would actually increase and that he did not understand accounting and should seek a career in dancing (yes, he is a little blunt...]. Do you agree with CFO or the production manager? Support your