1 Variable Cost per Hula Skirt Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $ 10.10 3.90 1.05 0.35 2 points Fixed Cost per Month Fixed manufacturing over head Fixed selling and administrative expenses $18,700 5,450 Dance Creations charges $33 for each skirt that it sells. During the first month of operation, it made 1700 skirts and sold 1,560. Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. 2. Complete a variable costing income statement for the last month. 3. Assuming Dance Creations uses full absorption costing, calculate the full manufacturing cost per unit for the last month. 4. Complete a full absorption costing income statement. 6. Suppose next month Dance Creations expects to produce 1700 hula skirts and sell 1,800. Without recreating the new income statements, calculate the difference in profit between variable costing and full absorption costing. Which would be higher? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 6 Complete a variable costing income statement for last month. Dance Creations Contribution Margin Income Statement For the Last Month Sales Revenue $ 51,480 Variable Costs 23,478 X 546 X Contribution margin 27,456 Fixed Costs 18,700 X 5,450 X Net Operating Income $ 3,306