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

Selling price	$	122
Units in beginning inventory		310
Units produced		6,600
Units sold		6,670
Units in ending inventory		240
Variable cost per unit:
Direct materials	$	48
Direct labor	$	26
Variable manufacturing overhead	$	3
Variable selling and administrative	$	13
Fixed costs:
Fixed manufacturing overhead	$	151,800
Fixed selling and administrative	$	46,690

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.)

Variable Costing Income Statement
(Click to select) Manufacturing overhead Variable cost of goods sold Sales Variable selling and administrative expenses Contribution margin Net operating income (loss) Selling and administrative expenses		$
Variable expenses:
(Click to select) Sales Contribution margin Variable cost of goods sold Net operating income Manufacturing overhead Direct labor Variable selling and administrative expenses	$
(Click to select) Manufacturing overhead Sales Variable cost of goods sold Contribution margin Direct labor Variable selling and administrative expenses Net operating income
(Click to select) Variable selling and administrative expenses Manufacturing overhead Variable cost of goods sold Sales Net operating income (loss) Contribution margin Selling and administrative expenses
Fixed expenses:
(Click to select) Variable cost of goods sold Fixed selling and administrative expenses Contribution margin Fixed manufacturing overhead Sales Net operating income Variable selling and administrative expenses
(Click to select) Variable selling and administrative expenses Fixed manufacturing overhead Net operating income Fixed selling and administrative expenses Sales Variable cost of goods sold Contribution margin
(Click to select) Contribution margin Sales Manufacturing overhead Selling and administrative expenses Net operating income (loss) Variable cost of goods sold Variable 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.)

Absorption Costing Income Statement
(Click to select) Cost of goods sold Selling and administrative expenses Net operating income (loss) Sales Gross margin	$
(Click to select) Selling and administrative expenses Net operating income (loss) Cost of goods sold Gross margin Sales
(Click to select) Net operating income (loss) Sales Gross margin Selling and administrative expenses Cost of goods sold
(Click to select) Gross margin Net operating income (loss) Cost of goods sold Selling and administrative expenses Sales
(Click to select) Gross margin Sales Net operating income (loss) Cost of goods sold Selling and administrative expenses	$