Nelson Corporation, 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 solod Units in ending inventory 370 6,510 6,480 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing 43 $24 2 overhead Variable selling and 19 administrative Fixed costs: Fixed manufacturing overhead $ Fixed selling and administrative $ 143,220 64,800 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month Required: a. Prepare a contribution format income statement for the month using variable costing. Unit product cost under variable costing Direct materials Direct labor Variable manufacturing overhead Variable costing unit product cost Nelson Corporation Variable Costing Income Statement Variable expenses Fixed expenses: b. Prepare an income statement for the month using absorption costing Unit product cost under absorption costing Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead cost Absorption costing unit product cost Nelson Corporation Absorption Costing Income Statement Total