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Just need solution to D month just completed: The Dorset Corporation produces and sells a single product. The following data refer to the 0 9,000

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Just need solution to D

month just completed: The Dorset Corporation produces and sells a single product. The following data refer to the 0 9,000 7.000 47 $ 4 $ $ 58,000 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed per month Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead per month $ $ $ 10 6 5 $ 90,000 Required: a. Compute the unit product cost under both the absorption costing and variable costing approaches. b. Prepare an income statement for the month using absorption costing. c. Prepare an income statement for the month using variable costing. d. Fully explain why the income is different between variable costing and absorption costing. Be specific and use numerical computations to support your answer. Label your computations clearly and concisely

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