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9-35 COMPARISON OF VARIABLE COSTING AND ABSORPTION COSTING. Gammaro Company uses standard costing. Tim Sweeney,...

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Accounting

9-35 COMPARISON OF VARIABLE COSTING AND ABSORPTION COSTING. Gammaro Company uses standard costing. Tim Sweeney, the new president of Gammaro Company, is presented with the following data for 2021:
\table[[,22,B,C],[1,Gammaro Company],[2,Income Statements for the Year Ended December 31,2021],[3,,Variable,Absorption],[4,,Costing,Costing],[5,Revenues,$9,350,000,$9,350,000
REQUIRED
1. At what percentage of denominator level was the plant operating in 2021.
2. How much fixed manufacturing overhead was included in 2020 and 2021 ending inventory under absorption costing.
3. Reconcile and explain difference in 2021 operating incomes under variable and absorption costing. HINT difference is $215000
4 Tim sweeney is concerned he notes that despite an increase in sales over 2020 and 2021 operating income has actually declined under absorption costing. Explain how this happened.
PLEASE ALL PARTS CORRECTLY and in well format
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