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

Selling price	$	83
Units in beginning inventory		375
Units produced		2,220
Units sold		2,070
Units in ending inventory		525
Variable cost per unit:
Direct materials	$	21
Direct labor	$	18
Variable manufacturing overhead	$	1
Variable selling and administrative	$	12
Fixed costs:
Fixed manufacturing overhead	$	51,060
Fixed selling and administrative	$	6,210

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.	What is the unit product cost for the month under variable costing? (Omit the "$" sign in your response.)

	Cost per unit
Variable costing	$

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

c.	Without preparing an income statement, determine the absorption costing net operating income for the month. (Omit the "$" sign in your response.)

Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes
Variable costing net operating income	$
(Click to select) Add Deduct : (Click to select) Fixed manufacturing overhead costs released from inventory under absorption costing Fixed manufacturing overhead costs deferred in inventory under absorption costing
Absorption costing net operating income	$