2 High Country, Inc. produces and ses many recreational products. The company has opened a new to produce a song camp cot that will be marketed throughout the United States. The owner to the month plant's operation . 3. inning inventary United United Saline eri Sallid strette pe fed per with Manufacturing Direct serial cut per unit Direct labore Variante sanufacturing cost per unit Find manufacturing out the month 19 Management is an ious to assess the promittity or the new cama cor during the month of May Required: 1. Assume that the company uses absorption costing a Determine the unit product cost b. Prepare an income statement for May 2 Assume that the company uses variabile conting a. Determine the unit product cost Prepare a contribution format income statement for May Complete this question by entering your answers in the table below. Reg 1A Reg 10 2 R2 Determine the unit product cost. Assume that the company uses absorption couting Management is anxious to assess the profitability of the new camp cot during the month of May Required: 1. Assume that the company uses absorption costing a. Determine the unit product cost. b. Prepare an income statement for May. 2 Assume that the company uses variable costing a. Determine the unit product cost. b. Prepare a contribution format income statement for May oints eBook Complete this question by entering your answers in the table below. Print Reg 1A Req 18 Req 2A Req 28 References Prepare an income statement for May. Assume that the company uses absorption costing. High Country, Inc. Absorption Costing Income Statement Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing, overhead cast (per month) 5 15 5 7 $ 2 $ 560,000 Management is anxious to assess the profitability of the new camp cot during the month of May Required: 1. Assume that the company uses absorption costing a. Determine the unit product cost. b. Prepare an income statement for May 2. Assume that the company uses variable costing a. Determine the unit product cost. b. Prepare a contribution format income statement for May Complete this question by entering your answers in the table below. Reg IA Ren 18 Req 2A Reg 28 Determine the unit product cost. Assume that the company uses variable costing. Unit product cost Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing, overhead cast (per month) 5 15 5 7 $ 2 $ 560,000 Management is anxious to assess the profitability of the new camp cot during the month of May Required: 1. Assume that the company uses absorption costing a. Determine the unit product cost. b. Prepare an income statement for May 2. Assume that the company uses variable costing a. Determine the unit product cost. b. Prepare a contribution format income statement for May Complete this question by entering your answers in the table below. Reg IA Ren 18 Req 2A Reg 28 Determine the unit product cost. Assume that the company uses variable costing. Unit product cost