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

Selling price

Units in beginning inventory

Units produced

Units

sold

Units in ending inventory

Variable costs per unit:

Direct materials

Direct labor

Variable manufacturing overhead

Variable selling and administrative expense

Fixed costs:

Fixed manufacturing overhead

Fixed selling and administrative expense

$ 115

390

6,680

6,

,570

500

$ 44

19

$ 3

$ 14

$ 160,320

$ 59,130

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.

b. Prepare an income statement for the month using absorption costing.

The company produces the same number of units every month, although the sales in units vary from month to month. The company 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 b. Prepare an income statement for the month using absorption costing. Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement for the month using varible costing