Management is anxlous to assess the profitability of the new camp cot during the month of May.

Requlred:

Assume that the company uses absorption costing.

a$.$ Determine the unit product cost.

b$.$ Prepare an Income statement for May.

Assume that the company uses varlable costing.

a$.$ Determine the unit product cost.

b$.$ Prepare a contribution format Income statement for May.

Complete this question by entering your answers in the table below.

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Determine the unit product cost. Assume that the company uses absorption costing.

Unit product cost