Newman, Inc. has collected the following data for November (there are no beginning inventories): E: (Click the icon to view the data.) Requirements Read the requirements Requirement 1. Using variable costing, calculate the unit product cost. (Round your final answer to the nearest cent.) 1. Using variable costing, calculate the unit product cost. 2. Prepare an income statement using the contribution margin format. Variable costing 149.00 Unit product cost $ Data Table Requirement 2. Prepare an income statement using the contribution margin format 550 units Newman, Inc. Income Statement (Variable Costing) For the Month Ended November 30 Net Sales Revenue Variable Selling and Administrative Costs Fixed Costs: Units produced and sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs $250 per unit 53 per unit 78 per unit 18 per unit 10,175 per month Variable Selling and Administrative Costs 50 per unit 4,375 per month Print Done Operating Income