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Mahugh Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price190Units in beginning inventory0Units produced3,280Units

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

Selling price190Units in beginning inventory0Units produced3,280Units sold3,170Units in ending inventory110Variable costs per unit:Direct materials49Direct labor53Variable manufacturing overhead15Variable selling and administrative18Fixed costs:Fixed manufacturing overhead$101,680Fixed selling and administrative$12,680

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.

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