Chapter 8 Junsoo Inc manufactures and sells hiking equipment for $20 per set. In May 2023, the company produced 30,000 sets (its standard volume) and sold 28,000 sets. The inventory on May 1, 2023, was 5,000 sets. Production information for May 2023 is as follows: Direct manufacturing labor per set: Fixed selling and administrative costs: Fixed manufacturing overhead: Direct materials cost per set: Direct labor rate per hour: Variable manufacturing overhead per set: Variable selling expenses per set: 40,000 15 minutes $ $ 132,000 $ 05 Toford - Dereck Required: A. Calculate the total cost per set using both absorption and variable costing methods. B. Prepare the income statements for the month ending May 31, 2023, utilizing, throughput variable and normal absorption costing techniques. C. Reconcile the net income under normal abs ption costing with the net income under absorption costing.