Conor Ine, which produces a single product, has provided the following data for its mostres month of operation: Number of units produced 2,000 Variable costs per unit: Direct materials $21 Direct labor S75 Variable manufacturing overhead $7 Variable selling and administrative expenses S6 Fixed costs: Fixed manufacturing overhead $116,000 Fixed selling and administrative expenses $40.000 The company had no beginning or ending inventories Required: a. Compute the unit product cost under absorption costing. Show your work! b. Compute the unit product cost under variable costing. Show your work! 4. Emy Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price 584 500 1.900 Units in beginning inventory Units produced Units sold Units in ending inventory 2.100 300 Variable costs per unit: Direct materials Direct labor $10 Variable manufacturing overhead Variable selling and administrative S10 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $38,000 $21,000 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month Required: a. Prepare a contribution format income statement for the month using variable costing. b. Prepare an income statement for the month using absorption costing