I. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Required: What is the unit cost and net operating income for the month under absorption costing?

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II. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Required: What is the unit cost and net operating income for the month under variable costing?

\begin{tabular}{|l|r|} \hline Selling price & $112 \\ \hline Units in beginning inventory & 0 \\ \hline Units produced & 5,500 \\ \hline Units sold & 5,300 \\ \hline Units in ending inventory & 200 \\ \hline Variable costs per unit: & \\ \hline Direct materials & $33 \\ \hline Direct labor & $37 \\ \hline Variable manufacturing overhead & $5 \\ \hline Variable selling and administrative & $6 \\ \hline Fixed costs: & $71,500 \\ \hline Fixed manufacturing overhead & $79,500 \\ \hline Fixed selling and administrative & $ \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Selling price & $126 \\ \hline Units in beginning inventory & 0 \\ \hline Units produced & 3,100 \\ \hline Units sold & 3,000 \\ \hline Units in ending inventory & 100 \\ \hline Variable costs per unit: & \\ \hline Direct materials & $22 \\ \hline Direct labor & $43 \\ \hline Variable manufacturing overhead & $3 \\ \hline Variable selling and administrative & $10 \\ \hline Fixed costs: & $42,000 \\ \hline Fixed manufacturing overhead & $89,900 \\ \hline Fixed selling and administrative & $20 \\ \hline \end{tabular}