2. Prepare an income statement for the month using absorption costing. (Do not leave any empty spaces; input a 0 wherever it is required.) Zurgot Inc. has just organized a new division to manufacture and sell specially designed computer tables, using select hardwoods. The division's monthly costs are shown in the schedule below: Zurgot regards all of its workers as full-time employees, and the company has a long-standing no-layoff policy. Furthermore, production is highly automated. Accordingly, the company includes its labour costs in its fixed manufacturing overhead. The tables sell for $489 each. During the first month of operations, the following activity was recorded: Required: 1. Compute the unit product cost under each of the following costing method. 3. Prepare a contribution format income statement for the month using variable costing. (Do not leave any empty spaces; input a 0 wherever it is required.) Penalty Word Count Explanations 0 points Is within word limit =0 pt. penalty 1020%=1 pt. penalty 2030%=2 pts. penalty >2030%=3 pts. penalty Criterion Score 10 Criterion Feedback 2 marks for insufficient word count