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Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $ 120 330 6,918 6,099 250 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $108, 180 $ 97,440 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month Required: 6. Prepare a contribution format income statement for the month using variable costing. b. Prepare an income statement for the month using absorption costing 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. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a contribution format income statement for the month using variable costing. $ 730,800 Variable Costing Income Statement Sales NOVOSTI Variable expenses: Variable cost of goods sold $ 408 680 NNOWANAWAWALA WA MWANAM KE ARRERASA A RABIA I Vanable selling and administrative expenses Contribution margin Fixed expenses 408 680 322.120 Fixed manufacturing overhead Fixed selling and administrative expenses Net operating income 108.180 97.440 205,620 116,500 Required B > 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. Complete this question by entering your answers in the tabs below. Required A Required B Prepare an income statement for the month using absorption costing.. Absorption Costing Income Statement Sales S 730,800 Cost of goods sold 408,680 Gross margin 322,120 Selling and administrative expenses 97,440 Net operating income 224,680