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5. Can you help me to resolve this? C. Toyb stanted 2020...

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Accounting

5. Can you help me to resolve this? image
C. Toyb stanted 2020 with no ivertories. During the yeas, their expected and actual producfion was 33,000 units, of which they sold 29 , 700 un ts at $50 each. Cost data for ithe year is as lofiows: (Cick the icon to view the cost data) Calculate CJ Toys' openting income under (1) varable costing, and (2) absorption cosing. Explain why operating income ditlors under the two approaches Begin by calculating CJ Toys' operating income under (1) variable costing (If an input feld is nok used in the table, lexve the incut fedd ampty, do not seiect a label or enter a zero) Data table Now calculaso CJ Toys' opocating income under (2) absorption costing (If an input feld is 20ro.) Absorption costing treats fixed marufacturing cost as a Whie vaciable costing treats 1 as a Cj Toys has units in ending irventory Undor absoption costing, these unts hwe a food manulacturing cest of per unit. So the total foed manutacturing cost in ending mventory under absorption costing is Since these costs ate inventoned under costing, and not expensed as they would be under costing, operafing income is under absorpion costing by

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