Variable and Absorption Costing Summarized data for 2016 the first year of operations for Trenton Products Inc. are as follows: Sales 200.000 1.000.000 Productions 210.000 to Drect manera 2.100.000 Pred shor 1.650,000 Manufacturing over 1.260.000 fed 1050,000 Opera 560.000 640,000 a. Prepare an income statement based on full absorption costing Only use a negative sign with your answer for net income oss if the answer represents a net loss. Otherwise, do not use negative signs with any answers, Round answers to the nearest whole number when applicable Absorption Costing Income Statement 10000 Cist of Goods Beging entory 0 Direct manai 2100000 Drecunor 1600000 Vanamuutung Overhead o Lending 290000 Costoso 5800000 1 Netcome D b. Prepare an income statement based on variable costing Only use a negative son with your answer for net income of the answer represents a netloss. Otherwise, do not use negative signs with any answers. Round answer to the nearest whole number when applicable Variable Costing Income Statement Sales Varub como Goods Sot Benningen 0 Dermata 5 Director 0 Ending 0 V THNH 0 . 0 0 0 . Opera Com Assume that you must decide quickly whether to accept a special one time order for 1.000 units for $2 per unit Which income statement presents the most relevant data? Determine the apparent profit or loss on the special order based solely on these data Use a negative with your answer if the special order creates an apparent loss. Round answer to the nearest whole number 10 d. If the ending inventory is destroyed by Fre, which casting approach would you use as a basis for filingan nurance claim for the fire loss?W? Select the most appropriate statement Absorption costing approach because the cost should include a reasonable portion of fore manufacturing costs Ovanable costing approach because the cost should include a reasonable portion of found manufactonng costs