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

Selling price	$	118
Units in beginning inventory		325
Units produced		6,300
Units sold		6,340
Units in ending inventory		285
Variable costs per unit:
Direct materials	$	41
Direct labor	$	25
Variable manufacturing overhead	$	3
Variable selling and administrative	$	16
Fixed costs:
Fixed manufacturing overhead	$	126,000
Fixed selling and administrative	$	76,080

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 cost of goods soldContribution marginNet operating income (loss)SalesSelling and administrative expensesVariable selling and administrative expensesManufacturing overhead		$
Variable expenses:
(Click to select)Direct laborSalesVariable selling and administrative expensesManufacturing overheadVariable cost of goods soldNet operating incomeContribution margin	$
(Click to select)Variable cost of goods soldDirect laborVariable selling and administrative expensesSalesManufacturing overheadNet operating incomeContribution margin
(Click to select)Contribution marginSalesVariable cost of goods soldSelling and administrative expensesNet operating income (loss)Manufacturing overheadVariable selling and administrative expenses
Fixed expenses:
(Click to select)Contribution marginFixed manufacturing overheadVariable selling and administrative expensesNet operating incomeVariable cost of goods soldSalesFixed selling and administrative expenses
(Click to select)SalesNet operating incomeVariable selling and administrative expensesFixed selling and administrative expensesFixed manufacturing overheadVariable cost of goods soldContribution margin
(Click to select)Manufacturing overheadNet operating income (loss)Contribution marginSalesVariable cost of goods soldSelling 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 expensesSalesCost of goods soldGross margin	$
(Click to select)Gross marginCost of goods soldSelling and administrative expensesNet operating income (loss)Sales
(Click to select)Gross marginSelling and administrative expensesNet operating income (loss)SalesCost of goods sold
(Click to select)Selling and administrative expensesGross marginNet operating income (loss)SalesCost of goods sold
(Click to select)Gross marginCost of goods soldSelling and administrative expensesNet operating income (loss)Sales	$