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Coverall Inc. produces and sells a unique type of case for a standard-size tablet computer that is guaranteed waterproof but still lows for regular functionality of the tablet. The company has just opened a new plant to manufacture these cases, and the following cost and revenue data have been provided for the first month of the plant's operation in the form of a worksheet 25,000 17.500 97 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed (total) Manufacturing costs Direct materials cost per unit Direct labour cost per unit Variable sanufacturing overhead cost per unit Fixed manufacturing overhead cost (total) 1 10 3507,500 $ 18 $ 14 $ 8 $725,000 Sin the new case is unique in design, management is anxious to see how profitable is wat be and has asked that an Income statement be prepared for the month Required: 1. Assume that the company uses absorption costing a. Determine the unit product cost Unit product con b. Prepare an income statement for the month (Do not leave any empty spaces; Input no wherever it is required.) Cost of goods sold 2. Assume that the company uses variable costing. a. Determine the unit product cost Unik product COS 2. Assume that the company uses variable costing. a. Determine the unit product cost. LAM B. Prepare a contribution format income statement for the month (Do not leave any empty spaces Inputo wherever it is required) Vannes Variable cost of goods sold Food expenses