ch CH6 Graded HW 1 Problem 6-20 Variable and Absorption Costing Unit Product Costs and Income Statements; Explanation of Difference in Net Operating Income (LO6-1, LO6-2, LO6-3) High Country, Inc. produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May the first month of the plant's operation 5 pois 10,000 75 3 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses Variable per unit Fixed per month Manufacturing costs Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost per month 5 5 $ 200,00 ce Management is nous to assess the profitability of the new camp col during the month of May Required: 1. Assume that the company uses absorption costing a. Determine the unit product cost b. Prepare an income statement for May 2. Assume that the company uses variable costing. a. Determine the unit product cost b. Prepare a contribution format income statement for May Complete this question by entering your answers in the table below. RIA Req2A Determine the unit product cost. Assume that the company uses absorption costing Unit product cost LE Prev 1 of 2 : Next > esc 8 1 $ 200,000 Selling and soministrative expenses: Variable per unit Fixed (per month) Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost (per month) $ 28 $ 8 $ 2 $ 100,000 5 points eBook Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing a. Determine the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing, a. Determine the unit product cost. b. Prepare a contribution format income statement for May Print References Complete this question by entering your answers in the table below. Reg 1A Reg 18 Red 2A Reg 28 Prepare an income statement for May. Assume that the company uses absorption costing High Country, Inc. Absorption Costing Income Statement (Reg 1A Reg 2 > Gram Prev 1 of 2 !!! Next > esc $ % & 1 2 3 4 6 7 8 points $ 0,00 75 6 $ 200,000 Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed (per month) Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost (per month) eBook $ 28 $ 8 $ 2. $ 180,000 Print References Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing. a. Determine the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Determine the unit product cost b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Req 1A Reg 1B Reg 2A Reg 28 Determine the unit product cost. Assume that the company uses variable costing. Unit product cost