Apple, Inc. has collected the following data for November (there are no beginning inventories):

Requirement 1. Using variable costing, calculate the unit product cost. (Round your final answer to the nearest cent.)

Requirement 2. Prepare an income statement using the contribution margin format.

750 units $ 375 per unit 45 per unit 76 per unit Units produced and sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 20 per unit 13,125 per month 40 per unit 4,525 per month Variable costing Unit product cost Apple, Inc. Income Statement (Variable Costing) For the Month Ended November 30 Operating Income