Please only answer if you can help with all of it Thank you

Please only answer if you can help with all of it. Thank you.
Sonic produces and sells a product with the following information:

Unit selling price $110 per unit

Unit variable production costs:

Direct materials $30 per unit

Direct labor $12 per unit

Variable overhead $3 per unit

Fixed production costs $140,000 total

Variable selling costs $4 per unit

Fixed selling costs $200,000 total

A: If 10,000 units are produced and 9,000 units sold. What is the amount of absorption costing net income?
B: Then what would be the variable costing net income?
C: Explain the difference between absorption costing (9,000 sold) and variable costing from 10,000 provided.
D: If 10,000 were produced and 10,000 sold what is the dollar amount of absorption costing net income?
E: If 10,000 sold and 10,000 were made. What is the dollar amount variable costing net income?
F: If 10,000 were sold and 10,000 were produced, explain any difference in absorption and variable costing net income

G: If 10,000 units are produced and 12,000 units are sold, what is the dollar amount of absorption costing net income?
H: If 10,000 units are produced and 12,000 units are sold, what is the dollar amount of variable costing net income?
I:  If 10,000 were produced and 12,000 were sold, explain any difference in absorption and variable costing net income?

Solution

Construct The Absorption Costing Unit Product Cost Direct Material 30 Direct labour 12 Variable Manufacturing overheads 3 Fixed Manufacturing overheads 14.00 (140000/10000 Units Absorption costing unit prroduct cost 59.00 Compute the Variable costing Unit Product cost Direct Material 30 Direct labour 12 Variable Manufacturing overheads 3 Variable costing unit prroduct cost 45 Cas-1 Produced 10000 and Sold 9000 units Construct the Absorption Costing Income Statement Under FIFO Year 1 Sales $990,000 Cost of Goods sold 531000 Gross Margin $459,000 Selling and distribution expense 236,000 Net operating income 223,000 Construct The Variable Costing Income Statement under FIFO YEAR 1 Sales 990,000 Less: Variable cost    variable cost of goods sold 405,000    Variable selling expense 36,000 441,000 Contribution margin 549,000 Fixed expense:    Fixed Manufacturing overheads 140,000    Fixed selling expense 200,000 Net operating Income 209,000 Recociliation: Income Under variable costing: 209000 Add: Fixed OH deferred in Ending Inventory 14000 (1000 units @14) Income under Absorption costing 223000 Case-2 Produced and sold 10000 units Construct the Absorption Costing Income Statement Under FIFO Year 1 Sales $1,100,000 Cost of Goods sold 590000 Gross Margin $510,000 Selling and distribution expense 240,000 Net operating income 270,000 Construct The Variable Costing Income Statement under FIFO YEAR 1 Sales 1,100,000 Less: Variable cost    variable cost of goods sold 450,000    Variable selling expense 40,000 490,000 Contribution margin 610,000 Fixed expense:    Fixed Manufacturing overheads 140,000    Fixed selling expense 200,000 Net operating Income 270,000 No differencce, hencec no reconciliation required. CASE-3 Produced 10000 units and 12000 sold. Construct the Absorption Costing Income Statement Under FIFO Year 1 Sales $1,320,000 Cost of Goods sold 708000 Gross Margin $612,000 Selling and distribution expense 248,000 Net operating income 364,000 Construct The Variable Costing Income Statement under FIFO YEAR 1 Sales 1,320,000 Less: Variable cost    variable cost of goods sold 540,000    Variable selling expense 48,000 588,000 Contribution margin 732,000 Fixed expense:    Fixed Manufacturing overheads 140,000    Fixed selling expense 200,000 Net operating Income 392,000 Recociliation: Income Under variable costing: 392000 Less: Fixed OH released in beginning Inventory 28000 (2000 units @14) Income under Absorption costing 364000