Question: This first slide contains all the required information for each part of the questions needed so I don't know what missing information you are needing.

This first slide contains all the required information for each part of the questions needed so I don't know what missing information you are needing.

 This first slide contains all the required information for each partof the questions needed so I don't know what missing information youare needing. Check my work 2 Finch Manufacturing pays its production managersa bonus based on the company's profitability. During the two most recentyears, the company maintained the same cost structure to manufacture its products.

Check my work 2 Finch Manufacturing pays its production managers a bonus based on the company's profitability. During the two most recent years, the company maintained the same cost structure to manufacture its products. Units Produced Units Sold 20 points 4,000 6,000 4,000 4,000 eBook Year Production and Sales Year 2 Year 3 Cost Data Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Variable selling and administrative expenses Fixed selling and administrative expenses References $ 14.10 per unit $ 23.60 per unit $ 10.50 per unit $107,400 $ 8.20 per unit sold $ 58,000 (Assume that selling and administrative expenses are associated with goods sold.) Finch sells its products for $109.80 per unit. Required a. Prepare income statements based on absorption costing for Year 2 and Year 3. b. Since Finch sold the same number of units in Year 2 and Year 3, why did net income increase in Year 3? d. Determine the costs of ending inventory for Year 3. e. Prepare income statements based on variable costing for Year 2 and Year 3. Complete this question by entering your answers in the tabs below. Return to question 2 Answer is not complete. Complete this question by entering your answers in the tabs below. 20 points Reg A Year 2 Req A Year 3 Req B Req D Req E Year 2 Req E Year 3 Prepare income statements based on absorption costing for Year 2. (Do not round intermediate calculations.) FINCH MANUFACTURING Absorption Costing Income Statement For the Year Ended Dec. 31, Year 2 Revenues $ 439,200 Cost of Goods Sold: Direct materials $ 56,400 Direct labor 94,400 42,000 X 107,400 300,200 Gross margin 139,000 > (90,800) Selling and administrative expenses Net income $ 48,200

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