Analyzing variable costing data Below is the 1993 variable costing income statement for the Monford Company. The company's normal capacity is 20,000 units a year. Beginning inven- tory was 6,000 at a variable cost of $25 per unit. Ending inventory was 8,000 units.

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MONFORD COMPANY Variable Costing Income Statement For the Year Ended December 31, 1993 Sales ($55 x 21,000 units)... Manufacturing contribution margin Less variable manufacturing expense Less variable selling and administrative expense Contribution margin Less fixed expenses: Manufacturing overhead Selling and administrative. Net income REQUIRED a. Compute the number of units manufactured in 1993. $1,155,000 570,000 585,000 126,000 459,000 $160,000 120,000 280,000 $ 179,000 b. Prepare a product cost schedule for 1993 for both variable and absorption costing. c. Prepare an absorption costing income statement for 1993 in good form. Assume beginning inventory has the same per unit fixed overhead cost as 1993.