formation taken from Horner Corporation's May accounting records follows: Direct materials used $ 245,000 Direct labor 95,000 Variable manufacturing overhead 45,000 Fixed manufacturing overhead 175,000 Variable selling and administrative costs 66,000 Fixed selling and administrative costs 75,000 Sales revenues 700,000 Required: A. Assuming the use of variable costing, compute the inventoriable costs for the month. B. Compute the month's inventoriable costs by using absorption costing. C. Assume that anticipated and actual production totaled 35,000 units, and that 25,500 units were sold during May. Determine the amount of fixed manufacturing overhead and fixed selling and administrative costs that would be expensed for the month under (1) variable costing and (2) absorption costing. D. Assume the same data as in requirement "C." Compute the contribution margin that would be reported on a variable-costing income statement