Brock Company produces and sells an industrial product. The company has just opened a new plant to manufacture the product, and the following cost and revenue data have been provided for the first month of the plant's operation 40,00 35,000 60 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses Variable per unit Fixed (total) Manufacturing costs Direct materials cost per unit Direct labour cost per unit Vardable manufacturing overhead cost per unit Fixed manufacturing overhead cost (total) $ 2 $560,000 5 15 15 5 2 $640,000 Required: 1. Assume that the company uses absorption costing a. Determine the unit product cost Unit Product Cost Absorption costing b. Prepare an income statement for the month. Brock Company Income Statement 0 $ 0 2. Assume that the company uses variable costing. a. Determine the unit product cost. Unit Product Cost Variable costing b. Prepare a contribution format income statement for the month (Negative amounts should be indicated by a minus sign.) Brock Company Contribution Format Income Statement Variable expenses 0 0 Fixed expenses 0 5 0