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

Selling price $122 Units in beginning inventory Units produced Units sold 8,300 8,200 100 Units in ending inventory Variable costs per unit. Direct materials Direct labour $27 46 Variable manufacturing overhead Variable selling and administrative 4 7 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $199,200 106,600 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 an income statement for the month using the contribution format and the variable costing method. d) Prepare an income statement for the month using the absorption costing method. e) Reconcile the variable costing and absorption costing operating incomes for the month.