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Glory, Inc. has collected the following data for November (there are no beginning inventories): (Click the icon to view the data.) Read the requirements Requirement 1. Using absorption costing, calculate the unit product cost. (Round your final answer to the nearest cent) Absorption costing Unit product cost Requirement 2. Prepare an income statement using the traditional format. Glory, Inc. Income Statement (Absorption Costing) For the Month Ended November 30 Net Sales Revenue Cost of Goods Sold Selling and Administrative Costs Operating Income 1 Data Table Requirements 1. Using absorption costing, calculate the unit product cost. 2. Prepare an income statement using the traditional format. Units produced and sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 450 units $400 per unit 48 per unit 72 per unit 12 per unit 8,550 per month 45 per unit 4,675 per month Print Done Print Done Glory, Inc. has collected the following data for November (there are no beginning inventories): Click the icon to view the data.) Read the requirements Requirement 1. Using variable costing, calculate the unit product cost. (Round your final answer to the nearest cent.) Variable costing Unit product cost 136 Requirement 2. Prepare an income statement using the contribution margin format. Glory, Inc. Income Statement (Variable Costing) For the Month Ended November 30 Net Sales Revenue Selling and Administrative Costs: Contribution Margin Fixed Manufacturing Overhead Fixed Selling and Administrative Costs 9350 4925 14275 Operating Income 1 Data Table Requirements 1. Using variable costing, calculate the unit product cost. 2. Prepare an income statement using the contribution margin format. Units produced and sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative 550 units $350 per unit 42 per unit 80 per unit 14 per unit 9,350 per month 55 per unit 4,925 per month Print Done costs Fixed selling and administrative costs Print Done