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elson Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Seling price S 104 Units in beginning inventory Units produced Units sold Units in ending inventory 320 6,860 6,220 Variable costs per unit: $ 41 $ 20 Direct maherials Direct labor Variable manufacturing overhead 2 Variable selling and administrative$ 11 Foxed costs Fixed manufacturing overhead Fixed selling and administrative 43,540 137,200 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 foxed costs have been constant from month to Required: a. Prepare a coribution format income statement for the month using variable costing Answer is complete and correct. Direct materials Direct labor Variable manufacturing overhead Variable costing unit product cost 20 G O Answer is complete but not entirely correct S 646.8003 MacBook Pro 2 3 4 5 6 8 a. Prepare a contribution format income stabement for the month using variable costing Answer is complete and correct Direct materials Direct labor Variable manufacturing overhead Variable costing unit product cost Answer is complete but not entirely correct. 46,800 Variable expenses: Variable cost of goods sold Os 20,160 C Variabie sellng and administrative expense432,180 0.480391860 254,940 Fued seling and administrative expense 684200 460.280 86 800 0 S (460.360) MacBook Pro 3 5 6 8 b. Prepare an income statement for the month using absorption costing. Answer is complete and correct. Direct materials Direct labor Variable manufacturing overhead Fxed manufacturing overhead cost Absorption costing unit product cost83 200 20 0 Answer is complete and correct. Absorption Costing Income Statement 646 880 Cost of goods sold Gross margin 516.260 130,620 (111,960) 3 18.660 MacBook Pro 3 4 5 6 8