book Variable Costing, value of Ending Inventory, Operating Income Pation Products, Inc. began operations in October and manufactured 40,000 units during the month with the following unit costs Direct materals $5.00 Direct labor 3.00 Variable overhead Fixed overhead 7.00 Variable marketing cost 1.20 1.50 Fixed overhead per unit = $200.000 / 40,000 units produced - $7 Total fixed factory overhead is $280,000 per month. During October,38,400 units were sold at a price of $24, and fixed marketing and administrative expenses Required: 1. Calculate the cost of each unit using variable costing. Round your final answer to the nearest cent per unit 2. How many units remain in ending inventory? uits What is the cout of ending inventory using variable costing? 3. Prepare a variable conting income statement for Pattison Products, inc. for the month of October Pattison Products, Inc. Variable Costing Income Statement For the Month of October Contribution margin Les Operating income Check My Work All Wok saved