High Country. Incorporated, 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: 10 points PV ference Beginning inventory 0 Units produced 44,000 Units sold 39.000 Selling price per unit $80 Selling and administrative expenses Variable per unit 52 Fixed per month) $ 559,000 Manufacturing conta Direct materials cost per unit Direct labor cont per unit Variable manufacturing overhead cont per unit 52 Pixed manufacturing overhead cont (per month) 5 792,000 Management is anxious to assess the profitability of the new camp cot during the month of May Required: 1. Assume that the company uses absorption costing, 6. Calculate the unit product cost b. Prepare an income statement for May 2. Assume that the company uses variable costing. a. Calculate the unit product cost b. Prepare a contribution format income statement for May Req 1A Req 1B Req 2A Reg 28 Determine the unit product cost. Assume that the company uses absorption costing. Unit product cost SReg 14 Reg 1B > eBook Complete this question by entering your answers in the table below. Print References Reg 2A Req 1A Reg 1B Req 28 Determine the unit product cost. Assume that the company uses variable costing, Unit product cost Reg 1A Req 18 Reg 2A Reg 28 D points Prepare a contribution format income statement for May. Assume that the company uses variable costing High Country, Incorporated Variable Costing Income Statement Book Print References 0 0 0 $ 0