b. What is the unit product cost for the month under absorption costing? Cost per unit $ 138 Absorption costing 40:05 c. Prepare a contribution format income statement for the month using variable costing. MAHUGH CORPORATION Variable Costing Income Statement Sales 555,000 Variable expenses 0 555,000 Variable cost of goods sold Variable selling and administrative expense Contribution margin Fixed expenses Fixed manufacturing overhead Fixed selling and administrative expense 129,150 9,000 138,150 416,850 Net operating loss $ 3 d. Prepare an income statement for the month using absorption costing MAHUGH CORPORATION Income Statement 10:00 Cost of goods sold (Gross margin Selling and administrative expenses 0 0 Net operating loss $ 0 e. Reconcile the variable costing and absorption costing net operating incomes for the month Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net income Absorption costing net operating income Mahugh Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 185 Units in beginning inventory Units produced Units sold Units in ending inventory 0 3,690 3,000 690 13 Variable costs per unit: Direct materials $ 46 Direct labor $ 50 Variable manufacturing overhead $ 9 Variable selling and administrative $ 20 Fixed costs: 129,150 Fixed manufacturing overhead Fixed selling and administrative $ 9,000 Required: a. What is the unit product cost for the month under variable costing? (Do not round intermediate calculations.) Cost per unit Variable costings 105 b. What is the unit product cost for the month under absorption costing