(Solved): Please help me with the provided numbers Armstead produces jet bridges for many domestic and intern ...

Please help me with the provided numbers Armstead produces jet bridges for many domestic and international airports. Cost information for Armstead's jet bridges is as follows: (Click the icon to view the cost information.) Additional information for the first three quarters of 2020 for Armstead are shown below: (Click the icon to view the additional information for the first three quarters.) Armstead's controller, Noel, wishes to analyze the difference in the income statements between throughput costing, absorption costing, and variable costing for the first 3 quarters of 2020. Assume no beginning inventory. Read the requirements. Data table Data table Data table 1st Quarter 2nd Quarter 3rd Quarter Budgeted production 67 71 69 Actual production 67 71 69 Sales 62 64 59 Sales price: $36,000 per jet bridge Fixed selling costs by quarter 230,000 230,000 210,000 Fixed G&A costs by quarter 375,000 230,000 230,000 Requirements Prepare an absorption costing income statement Prepare a variable costing income statement Prepare a throughput costing income statement Explain the difference in the net income under each costing method. Based on the information provided, which costing method do you believe Armstead is currently using to calculate the bonus for the production manager? Why? If Q4 sales were 71 and Q4 actual and budgeted production was 54 , what difference would you expect in Q4 income between absorption costing and variable costing? Why?