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Blossom Golf Ltd. produces and sells special golf balls for $26.00 for a pack of three. In May 2022, the company manufactured 35,100 packs (its normal volume) and sold 32,700 packs. The beginning inventory on May 1, 2022, was 5,850 packs. Production information for May 2022 is as follows: 15.00 minutes $46,800 $150.930 Direct manufacturing labour per pack Fixed selling and administrative costs Fixed manufacturing overhead Direct materials costs per pack Direct labour rate per hour Variable manufacturing overhead per pack Variable selling expenses per pack $4.00 $28.00 $5.00 $4.00 Calculate the total cost per pack under both absorption and variable costing. (Round per unit calculations and final answers to 2 decimal places, es. 15.25) Absorption Costing Variable Costing Total cost per pack 20.30 16.00 Calculate the total cost per pack under both absorption and variable costing. (Round per unit calculations and final answers to 2 decimal places, es. 15.25.) Absorption Costing Variable Costing 20.30 16.00 Total cost per pack eTextbook and Media Question Part Score Prepare income statements in good form for the month ended May 31, 2022, under absorption and variable costing. (Enter loss using either a negative sign preceding the number es-2,945 or parentheses 08 (2945). Round per unit calculations to 2 decimal places es. 15.25 and final answers to O decimal places, 18. 125.) BLOSSOMGOLF LTD. Absorption-Costing Income Statement For the Month Ended May 31, 2022 Sales in units 32.700 CO2 Prepare income statements in good form for the month ended May 31, 2022, under absorption and variable costing. (Enter loss using alther a negative sin preceding the number es-2945 or parentheses 09. (2945). Round per unit calculations to 2 dedmal places, eg. 15.25 and final answers to decimal places, eg. 125) BLOSSOMGOLF LTD. Absorption-Costing Income Statement For the Month Ended May 31, 2022 32,700 Sales in units 850.200 Sales 663,810 Less Cost of goods sold Gross profit 186,390 Less Selling and administrative costs 127,600 Net income (loss) 8.790 For the Month Ended May 31, 2022 32,700 Sales in units 850,200 Sales Variable costs $ 523 200 Variable cost of goods sold 130,800 Variable selling costs 654,000 Total variable costs 196,200 Contribution margin 197.730 Less Fixed costs Net income foss $ (1,530) Reconcile the operating income calculated under absorption costing with the operating income calculated under variable costing. Assume that April's costs were the same as those of May. (Enter loss using either a negative sign preceding the number es.-2.945 or parentheses eg. (2,945). Round per unit calculations to 2 decimal places, es. 15.25 and final answers to decimal places, eg. 125.) Variable-costing net income/(loss) FMOH deferred in ending Inventory FMOH released from beginning inventory Absorption-costing net Income