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

Selling price	$	104
Units in beginning inventory		320
Units produced		6,860
Units sold		6,220
Units in ending inventory		960
Variable costs per unit:
Direct materials	$	41
Direct labor	$	20
Variable manufacturing overhead	$	2
Variable selling and administrative	$	11
Fixed costs:
Fixed manufacturing overhead	$	137,200
Fixed selling and administrative	$	43,540

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:Prepare a contribution format income statement for the month using variable costing. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.)

a.

B

Prepare an income statement for the month using absorption costing. (Input all amounts as positive values except losses which should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Thanks for your help!