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 plants operation.
Beginning inventory		0
Units produced		41,000
Units sold		36,000
Selling price per unit	$	83
Selling and administrative expenses:
Variable per unit	$	2
Fixed (total)	$	562,000
Manufacturing costs
Direct materials cost per unit	$	18
Direct labor cost per unit	$	8
Variable manufacturing overhead cost per unit	$	4
Fixed manufacturing overhead cost (total)	$	779,000
Required:
1.	Assume that the company uses absorption costing.
a.	Determine the unit product cost.
Unit product cost	$
b.	Prepare an income statement for the month. (Input all amounts as positive values except losses which should be indicated by a minus sign.)
Absorption Costing Income Statement
$
$
2.	Assume that the company uses variable costing.
a.	Determine the unit product cost.
Unit product cost	$
b.	Prepare a contribution format income statement for the month. (Input all amounts as positive values except losses which should be indicated by a minus sign.)
Variable Costing Income Statement
	$
Variable expenses:
$
Fixed expenses:
	$