Need help with question 2B

a https/ewconnect.nheducation.c orn/riow.con nethtm C Q Search Homework #4 Saved Help Save & Exit Submit Check my work 2 High Country. Inc. produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Beginning inventory Units produced Unita sold Selling price per unit Seiling and administrative expenses: points 10,000 8,000 eBook Variable per unit Print Fixed (per month) Direct materials coat pe: unit fixed manufacturing overhead cost (per mon ch ) S 200, 000 Manufacturing costs: References 20 Direct labor cost per unit Variable manufacturing overhead coet per unit 100,000 Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing a. Determine the unit product cost b Prepare an income statement for May 2 Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format income statement for May Mc Graw Hill S Prey of 5 Next >