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

Selling price	$	186
Units in beginning inventory		0
Units produced		3,690
Units sold		3,120
Units in ending inventory		570
Variable costs per unit:
Direct materials	$	56
Direct labor	$	52
Variable manufacturing overhead	$	8
Variable selling and administrative	$	18
Fixed costs:
Fixed manufacturing overhead	$	121,770
Fixed selling and administrative	$	9,360

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)Manufacturing overheadNet operating income (loss)Variable cost of goods soldVariable selling and administrative expensesContribution marginSalesSelling and administrative expenses		$
Variable expenses:
(Click to select)Variable cost of goods soldSalesVariable selling and administrative expensesDirect laborContribution marginDirect materialsNet operating income	$
(Click to select)Net operating incomeContribution marginDirect materialsVariable cost of goods soldDirect laborVariable selling and administrative expensesSales
(Click to select)Selling and administrative expensesNet operating income (loss)Variable selling and administrative expensesSalesContribution marginVariable cost of goods soldManufacturing overhead
Fixed expenses:
(Click to select)Net operating incomeContribution marginFixed selling and administrative expensesVariable cost of goods soldVariable selling and administrative expensesSalesFixed manufacturing overhead
(Click to select)Fixed manufacturing overheadContribution marginNet operating incomeVariable selling and administrative expensesSalesFixed selling and administrative expensesVariable cost of goods sold
(Click to select)Selling and administrative expensesSalesNet operating income (loss)Variable cost of goods soldContribution marginVariable selling and administrative expensesManufacturing overhead		$

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)Net operating income (loss)Fixed selling and administrative expensesCost of goods soldSalesVariable selling and administrative expensesGross margin		$
(Click to select)SalesCost of goods soldFixed selling and administrative expensesGross marginNet operating income (loss)Variable selling and administrative expenses
(Click to select)Cost of goods soldVariable selling and administrative expensesGross marginSalesNet operating income (loss)Fixed selling and administrative expenses
Selling and administrative expenses:
(Click to select)SalesCost of goods soldFixed selling and administrative expensesGross marginNet operating income (loss)Variable selling and administrative expenses	$
(Click to select)SalesNet operating income (loss)Variable selling and administrative expensesGross marginFixed selling and administrative expensesCost of goods sold
(Click to select)Variable selling and administrative expensesFixed selling and administrative expensesNet operating income (loss)Gross marginSalesCost of goods sold		$

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)DeductAdd: (Click to select)Fixed manufacturing overhead costs released from inventory under absorption costingFixed manufacturing overhead costs deferred in inventory under absorption costing
Absorption costing net operating income	$