4. Emy Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $84 500 Units in beginning inventory Units produced Units sold Units in ending inventory 1,900 2,100 300 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $25 $10 $7 U $10 ! Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $38,000 $21,000 The company produces the same number of units every month, although the sales month to month. The company's variable costs per unit and total fixed costs have been month to month. y month, although the sales in units vary from funit and total fixed costs have been constant from Required: a. Prepare a contribution format income statement for the month using variable costing. b. Prepare an income statement for the month using absorption costing