Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: ??

Variable Cost per Hula Skirt Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $ 10.55 4.35 1.50 45 Fixed Cost per Month Fixed manufacturing overhead Fixed selling and administrative expenses $19,550 5,900 Dance Creations charges $35 for each skirt that it sells. During the first month of operation, it made 1,700 skirts and sold 1,565 Required 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. (Round your answer to 2 decimal places.) Total Variable Mfg Cost/Unit $ 16.40 2. Complete a variable costing income statement for last month. (Round your answers to 2 decimal places.) Dance Creations Contribution Margin Income Statement For the Last Month Sales revenue $54,775.00 Less: Variable Manufacturing Costs Variable Selling Expenses Beginning Inventory Cost of Goods Sold Ending Inventory Fixed General and Administrative Expense Fixed Manufacturing Overhead