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Hi - Can I please have assistance on the following: High Country, Inc., produces and sells many recreational products. The company has just opened a

Hi - Can I please have assistance on the following:

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation:

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Beginning inventory 0 Units produced 38,000 Units sold 33,000 Selling price per unit 77 Selling and administrative expenses: Variable per unit Fixed (per month) Manufacturing costs: $ $ 3 $ Direct materials cost per unit $ 18 $ $ $ 557,000 Direct labor cost per unit 10 Variable manufacturing overhead cost per unit 3 Fixed manufacturing overhead cost (per month) 760,000 ' Req 1A Req 1B Req 2A Req 2B Determine the unit product cost. Assume that the company uses absorption costing. Unit product costm Prepare an income statement for May. Assume that the company uses absorption costing. High Country, Inc. Absorption Costing Income StatementDetermine the unit product cost. Assume that the company uses variable costing. Req 1A Req 1B Req 2A Req 2B Prepare a contribution format income statement for May. Assume that the company uses variable costing. High Country, Inc. Variable Costing Income Statement

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