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

Selling price	$	108
Units in beginning inventory		320
Units produced		2,400
Units sold		1,950
Units in ending inventory		770
Variable cost per unit:
Direct materials	$	23
Direct labor	$	24
Variable manufacturing overhead	$	2
Variable selling and administrative	$	11
Fixed costs:
Fixed manufacturing overhead	$	57,600
Fixed selling and administrative	$	3,900

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) Sales Manufacturing overhead Variable cost of goods sold Contribution margin Variable selling and administrative expenses Selling and administrative expenses Net operating income (loss)		$
Variable expenses:
(Click to select) Selling and administrative expenses Variable cost of goods sold Variable selling and administrative expenses Sales Contribution margin Net operating income Manufacturing overhead	$
(Click to select) Variable selling and administrative expenses Net operating income Sales Contribution margin Variable cost of goods sold Manufacturing overhead Selling and administrative expenses
(Click to select) Manufacturing overhead Sales Net operating income (loss) Selling and administrative expenses Variable selling and administrative expenses Contribution margin Variable cost of goods sold
Fixed expenses:
(Click to select) Contribution margin Sales Fixed manufacturing overhead Net operating income Variable selling and administrative expenses Variable cost of goods sold Fixed selling and administrative expenses
(Click to select) Fixed selling and administrative expenses Sales Variable cost of goods sold Fixed manufacturing overhead Net operating income Contribution margin Variable selling and administrative expenses
(Click to select) Selling and administrative expenses Variable selling and administrative expenses Variable cost of goods sold Contribution margin Sales 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) Deduct Add : (Click to select) Fixed manufacturing overhead costs deferred in inventory under absorption costing Fixed manufacturing overhead costs released from inventory under absorption costing
Absorption costing net operating income	$