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

Selling price	$	130
Units in beginning inventory		150
Units produced		6,830
Units sold		6,850
Units in ending inventory		130
Variable costs per unit:
Direct materials	$	42
Direct labor	$	27
Variable manufacturing overhead	$	2
Variable selling and administrative	$	16
Fixed costs:
Fixed manufacturing overhead	$	157,090
Fixed selling and administrative	$	102,750

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)Variable selling and administrative expensesSalesContribution marginManufacturing overheadNet operating income (loss)Variable cost of goods soldSelling and administrative expenses		$
Variable expenses:
(Click to select)Net operating incomeVariable selling and administrative expensesDirect laborManufacturing overheadContribution marginVariable cost of goods soldSales	$
(Click to select)Variable selling and administrative expensesNet operating incomeDirect laborManufacturing overheadContribution marginSalesVariable cost of goods sold
(Click to select)Variable cost of goods soldSalesSelling and administrative expensesManufacturing overheadContribution marginNet operating income (loss)Variable selling and administrative expenses
Fixed expenses:
(Click to select)Contribution marginSalesVariable cost of goods soldFixed selling and administrative expensesNet operating incomeVariable selling and administrative expensesFixed manufacturing overhead
(Click to select)Variable selling and administrative expensesContribution marginNet operating incomeFixed manufacturing overheadVariable cost of goods soldFixed selling and administrative expensesSales
(Click to select)Variable selling and administrative expensesNet operating income (loss)Selling and administrative expensesVariable cost of goods soldSalesManufacturing overheadContribution margin		$

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)Selling and administrative expensesNet operating income (loss)Gross marginCost of goods soldSales	$
(Click to select)Net operating income (loss)SalesCost of goods soldSelling and administrative expensesGross margin
(Click to select)Cost of goods soldGross marginSalesSelling and administrative expensesNet operating income (loss)
(Click to select)Net operating income (loss)SalesCost of goods soldSelling and administrative expensesGross margin
(Click to select)Gross marginCost of goods soldSalesNet operating income (loss)Selling and administrative expenses	$