Problem 3. Maga Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price.. $150 Units in beginning inventory Units produced.. Units sold. Units in ending inventory 0 3,100 2,700 400 Variable costs per unit Direct materials... $46 Direct labor... $50 Variable manufacturing overhead.... Variable selling and administrative... Fixed costs: $7 $11 $86,800 Fixed manufacturing overhead... Fixed selling and administrative... $8,100 Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare a contribution format income statement for the month using variable costing d. Prepare an income statement for the month using absorption costing e. Reconcile the variable costing and absorption costing net operating incomes for the month