Audiophonics Limited manufactures and sells high$-$quality and durable ear buds for use with personal electronics that are custom

moulded to each customer's ear. Cost data for the product follow:

The product sells for $$64$ per unit. Production and sales data for May and June, the first two months of operations, are as follows:

Income statements prepared by the Accounting Department using absorption costing are presented below:

Required:

Determine the unit product cost under each of the following methods.

Prepare variable costing income statements for May and June using the contribution approach. $($Do not leove ony empty spaces;

Input $0$ o wherever lt is requlred.$)$

Reconcile the variable costing and absorption costing operating income figures. $($Loss amounts should be Indlcated with a minus

slgn$.)$