Maga Company, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price	$	193
Units in beginning inventory		0
Units produced		3,090
Units sold		2,910
Units in ending inventory		180
Variable cost per unit:
Direct materials	$	53
Direct labor	$	59
Variable manufacturing overhead	$	15
Variable selling and administrative	$	13
Fixed costs:
Fixed manufacturing overhead	$	89,610
Fixed selling and administrative	$	8,730

Required:

a.	What is the unit product cost for the month under variable costing? (Do not round intermediate calculations. Omit the "$" sign in your response.)

	Cost per unit
Variable costing	$

b.	What is the unit product cost for the month under absorption costing? (Omit the "$" sign in your response.)

	Cost per unit
Absorption costing	$

c.	Prepare a contribution format income statement for the month using variable costing. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.)

Variable Costing Income Statement
(Click to select) Variable selling and administrative expenses Selling and administrative expenses Manufacturing overhead Variable cost of goods sold Contribution margin Net operating income (loss) Sales		$
Variable expenses:
(Click to select) Variable selling and administrative expenses Net operating income Variable cost of goods sold Contribution margin Direct labor Sales Direct materials	$
(Click to select) Direct materials Contribution margin Variable cost of goods sold Sales Direct labor Net operating income Variable selling and administrative expenses
(Click to select) Selling and administrative expenses Net operating income (loss) Variable selling and administrative expenses Variable cost of goods sold Sales Manufacturing overhead Contribution margin
Fixed expenses:
(Click to select) Contribution margin Fixed selling and administrative expenses Fixed manufacturing overhead Variable selling and administrative expenses Net operating income Sales Variable cost of goods sold
(Click to select) Variable cost of goods sold Variable selling and administrative expenses Fixed selling and administrative expenses Contribution margin Net operating income Fixed manufacturing overhead Sales
(Click to select) Selling and administrative expenses Variable selling and administrative expenses Sales Variable cost of goods sold Manufacturing overhead Contribution margin Net operating income (loss)		$

d.	Prepare an income statement for the month using absorption costing. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.)

Absorption Costing Income Statement
(Click to select) Cost of goods sold Variable selling and administrative expenses Gross margin Fixed selling and administrative expenses Net operating income (loss) Sales		$
(Click to select) Sales Net operating income (loss) Gross margin Variable selling and administrative expenses Fixed selling and administrative expenses Cost of goods sold
(Click to select) Net operating income (loss) Variable selling and administrative expenses Sales Fixed selling and administrative expenses Gross margin Cost of goods sold
Operating expenses:
(Click to select) Net operating income (loss) Cost of goods sold Gross margin Sales Variable selling and administrative expenses Fixed selling and administrative expenses	$
(Click to select) Variable selling and administrative expenses Sales Net operating income (loss) Gross margin Cost of goods sold Fixed selling and administrative expenses
(Click to select) Net operating income (loss) Cost of goods sold Fixed selling and administrative expenses Gross margin Sales Variable selling and administrative expenses		$

e.	Reconcile the variable costing and absorption costing net operating incomes for the month. (Omit the "$" sign in your response.)

Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes
Variable costing net operating income	$
(Click to select) Add Deduct : (Click to select) Fixed manufacturing overhead costs released from inventory under absorption costing Fixed manufacturing overhead costs deferred in inventory under absorption costing
Absorption costing net operating income	$