3 County, Incorporated produced many brodes the comedor to come out the content As per Ver Bir More Bunge LA C Cat 3 15124 High Country, Incorporated, produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation Deginning inventory e Units produced 40,000 Units sold 35,000 Selling price per unit $50 Selling and administrative expenses Variable per unit Fixed (per month) 5 564,000 Manufacturing costs Direct materials cost per unit 1 Direct Labor cost per unit S# Variable manufacturing overhead cost per unit $ Pixed manufacturing overhead cout (per month $ 60,000 Management is anuous to assess the profitability of the new camp cot during the month of May Required: Assume that the comparw uses absorption costing Calculate the unit productos Prepare an income statement for May 2. Assume that the company uses variable costing Calculate the unit product cost Prepare a contribution format income Matement for May Complete this question by entering your answers in the table below. Het Re Determine the unit product cout. Assume that the company we absorption conting UP VIT Reg 10 >