Lovers Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $100 Units in beginning inventory.. Units produced. Units sold. Units in ending inventory. 300 1,200 1,400 100 $59 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead.... Variable selling and administrative.......... Fixed costs: Tixed manufacturing overhead.............. Tixed selling and administrative.. S8 $9,600 $1,400 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare a contribution format income statement for the month using variable costing. d. Prepare an income statement for the month using absorption costing. e. Explain the difference in income under the two different accounting systems