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

Selling price	$	92
Units in beginning inventory		300
Units produced		5,900
Units sold		6,000
Units in ending inventory		200
Variable costs per unit:
Direct materials	$	39
Direct labor	$	19
Variable manufacturing overhead	$	2
Variable selling and administrative	$	11
Fixed costs:
Fixed manufacturing overhead	$	88,500
Fixed selling and administrative	$	36,000

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. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.)

Unit product cost under variable costing:
Direct materials	$
Direct labor
Variable manufacturing overhead
Variable costing unit product cost	$

Variable Costing Income Statement
(Click to select)Net operating income (loss)Selling and administrative expensesSalesVariable selling and administrative expensesManufacturing overheadContribution marginVariable cost of goods sold		$
Variable expenses:
(Click to select)Variable cost of goods soldContribution marginDirect laborSalesNet operating incomeVariable selling and administrative expensesManufacturing overhead	$
(Click to select)SalesNet operating incomeDirect laborContribution marginManufacturing overheadVariable cost of goods soldVariable selling and administrative expenses
(Click to select)Variable selling and administrative expensesVariable cost of goods soldContribution marginManufacturing overheadSelling and administrative expensesSalesNet operating income (loss)
Fixed expenses:
(Click to select)Variable selling and administrative expensesFixed selling and administrative expensesSalesVariable cost of goods soldContribution marginFixed manufacturing overheadNet operating income
(Click to select)Net operating incomeContribution marginVariable selling and administrative expensesVariable cost of goods soldFixed manufacturing overheadSalesFixed selling and administrative expenses
(Click to select)Manufacturing overheadVariable cost of goods soldSalesNet operating income (loss)Contribution marginSelling and administrative expensesVariable selling and administrative expenses		$

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.)

Unit product cost under absorption costing:
Direct materials	$
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead cost
Absorption costing unit product cost	$

Absorption Costing Income Statement
(Click to select)Net operating income (loss)Selling and administrative expensesSalesGross marginCost of goods sold	$
(Click to select)Gross marginSelling and administrative expensesCost of goods soldNet operating income (loss)Sales
(Click to select)Gross marginNet operating income (loss)SalesSelling and administrative expensesCost of goods sold
(Click to select)SalesSelling and administrative expensesNet operating income (loss)Cost of goods soldGross margin
(Click to select)Net operating income (loss)SalesSelling and administrative expensesCost of goods soldGross margin	$