I may have put some of the wrong answers in, please help!

1 Audiophonics Limited manufactures and sells high-quality and durable ear buds for use with personal electronics that are custom moulded to each customer's ear. Cost data for the product follow: $ Variable costs per unit: Direct materials Direct labour Variable factory overhead Variable selling and administrative Total variable costs per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month 12 18 9 5 44 $ $145,600 127,400 $273,000 The product sells for $60 per unit. Production and sales data for May and June, the first two months of operations, are as follows: May June Units Produced 18, 200 18, 200 Units Sold 14,600 21,800 Income statements prepared by the Accounting Department using absorption costing are presented below: May June Sales $ 876,000 $1,308,000 Cost of goods sold: Beginning inventory 0 169,200 Add cost of goods manufactured 855,400 855,400 Goods available for sale 855,400 1,024,600 Less ending inventory 169,200 0 Cost of goods sold 686,200 1,024,600 Gross margin 189,800 283,400 Selling and administrative expenses 200,400 236,400 Operating income $(10,600) $ 47,000 Required: 1. Determine the unit product cost under each of the following methods. a. $ 47 Absorption costing b. Variable costing $ 39 2. Prepare variable costing income statements for May and June using the contribution approach. (Do not leave any empty spaces; input a 0 wherever it is required.) May $ 876,000 June $ 1,308,000 Sales Variable expenses: Variable cost of goods sold: Beginning inventory Less: Variable production costs Goods available for sale Less: Ending inventory Variable cost of goods sold Variable selling and administrative Total variable expenses Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative Total fixed expenses 0 140,400 5,678,400 5,678,400 5,678,400 5,818,800 140,400 (140,400) 5,538,000 5,678,400 73,000 109,000 5,611,000 5,787,400 (4,735,000) (4,479,400) 145,600 145,600 127,400 127,400 273,000 273,000 $ $ (5,008,000) (4,752,400) Operating income (loss) 3. Reconcile the variable costing and absorption costing operating income figures. (Loss amounts should be indicated with a minus sign.) May June $ $ 5,008,000 4,752,400 Variable costing operating income (loss) Add: Cost deferred in inventory under absorption costing Deduct: Cost released from inventory under absorption costing Absorption costing operating income $ $ 5,008,000 4,752,400