Linden Company manufactures and sells a single product. Cost data for the product follow: Variable costs per unit: Direct materials Direct labor Variable factory overhead Variable selling and administrative Total variable costs per unit $19 108,000 Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative 175,000 Total fixed cost per month 283,000 The product sells for $50 per unit. Production and sales data for May and June, the first two months of operations, are as follows: May June Units Produced 18,000 18,000 Units Sold 14,000 22,000 Income statements prepared by the accounting department, using absorption costing, are presented below: May Sales Cost of goods June $ 700,000 336,000 1,100,000 528,000 sold 364,000 572,000 Gross margin Selling and administrative expenses 189,000 197,000 Net operating income 175,000 375,000 1. Determine the unit product cost under absorption costing and variable costing Unit Product Cost Absorption costing Variable costing 2. Prepare contribution format variable costing income statements for May and June (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "S" sign in your response.) Variable Costing Income Statement May (Click to select) Variable expenses: (Click to select) (Click to select) Total variable expenses (Click to select) Fixed expenses: Cek to select) (Cick to select) Total foxed expenses Reconcile the variable costing and absorption costing net operating incomes. (Loss amounts and amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your June Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Add (deduct) foxed manufacturing overhead deferred (released from) inventory under absorption couting Absorption costing net operating income (oss) Linden Company manufactures and sells a single product. Cost data for the product follow: Variable costs per unit: Direct materials Direct labor Variable factory overhead Variable selling and administrative Total variable costs per unit $19 108,000 Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative 175,000 Total fixed cost per month 283,000 The product sells for $50 per unit. Production and sales data for May and June, the first two months of operations, are as follows: May June Units Produced 18,000 18,000 Units Sold 14,000 22,000 Income statements prepared by the accounting department, using absorption costing, are presented below: May Sales Cost of goods June $ 700,000 336,000 1,100,000 528,000 sold 364,000 572,000 Gross margin Selling and administrative expenses 189,000 197,000 Net operating income 175,000 375,000 1. Determine the unit product cost under absorption costing and variable costing Unit Product Cost Absorption costing Variable costing 2. Prepare contribution format variable costing income statements for May and June (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "S" sign in your response.) Variable Costing Income Statement May (Click to select) Variable expenses: (Click to select) (Click to select) Total variable expenses (Click to select) Fixed expenses: Cek to select) (Cick to select) Total foxed expenses Reconcile the variable costing and absorption costing net operating incomes. (Loss amounts and amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your June Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Add (deduct) foxed manufacturing overhead deferred (released from) inventory under absorption couting Absorption costing net operating income (oss)