Audiophonics Limited manufactures and sells high-quality and durable ear buds for use with personal electronics that are custom moulded to each customers ear. Cost data for the product follow:

Iudiophonics Limited manufactures and sells high-quality and durable ear buds for use with personal electronics that are custom oulded to each customer's ear. Cost data for the product follow: he product sells for $61 per unit. Production and sales data for May and June, the first two months of operations, are as follows: ome statements prepared by the Accounting Department using absorption costing are presented below: Required: 1. 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 leave any empty spaces; oput a 0 wherever it is required.) 3. Reconcile the variable costing and absorption costing operating income figures. (Loss amounts should be indicated with a minus sign.)