Far North Telecom, Ltd., of Ontario, has organized a new division to manufacture and sell specialty cellular telephones. The division's monthly costs are shown below: Manufacturing costs: Variable costs per unit: Direct materials $82 Variable manufacturing overhead $4 Fixed manufacturing overhead costs (total) $246,000 Selling and administrative costs: Variable 15% of sales Fixed (total) $159,000 Far North Telecom regards all of its workers as full-time employees and the company has a long-standing no layoff policy. Furthermore, production is highly automated. Accordingly, the company includes its labor costs in its fixed manufacturing overhead. The cellular phones sell for $330 each. During September, the first month of operations, the following activity was recorded: Units produced 4,100 Units sold 3,300 Requirement 1: (a) Compute the unit product cost under Absorption costing. (Omit the "$" sign in your response.) Unit product cost $ (b) Compute the unit product cost under Variable costing. (Omit the "$" sign in your response.) Unit product cost $ Requirement 2: Prepare an absorption costing income statement for September. (Input all amounts as positive values. Omit the "$" sign in your response.) Sales$ Cost of goods sold$ Gross profit$ Selling and administrative expenses$ Net operating income$ Requirement 3: Prepare a contribution format income statement for September using variable costing. (Input all amounts as positive values except net operating loss which should be indicated by a minus sign. Omit the "$" sign in your response.) Sales$ (Variable expenses:) Variable selling and administrative expenses$ Variable cost of goods sold$ Contribution margin$ (Fixed Expenses) Fixed selling and administrative expenses$ Fixed manufacturing overhead$ Net operating income$ Requirement 4 Reconcile the absorption costing and variable costing net operating incomes in requirement 2 and 3 above. (Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.) Variable costing net operating income$ Add Fixed manufacturing overhead cost deferred Absorption costing net operating income$