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:

Variable costs per unit:

Direct materials

Direct labour

Variable factory overhead

Variable selling and adninistrative

Total variable costs per unit

Fixed costs per month:

Fixed manufacturing overhead

Fixed selling and adninistrative

Total fixed cost per month

The product sells for $$54$ 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:

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

input a $0$ wherever it is required.$)$

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

sign.$)$