Products Ltd. has just created a new division to manufacture and sell a fitness tracker.The facility is highly automated and has high monthly fixed costs, as shown in the following schedule of budgeted monthly costs.This schedule was prepared based on an expectation of a monthly production volume of 2,400 units.

Manufacturing costs:

Direct materials per unit$35

Direct manufacturing labor per unit$25

Variable manufacturing overhead per unit$20

Total fixed manufacturing overhead$90,000 per month

Marketing costs:

Variable marketing8% of sales

Total fixed marketing overhead$66,000 per month

The selling price per unit is $240.

The following activity was recorded:

October November

Units Produced 2000 2500

Units Sold 1400 2800

1. Raw data for units and all costs for STANDARD costing AT THE TOP OF THE SPREADSHEET.
2. Variable costing (contribution margin) income statement using STANDARD costing for October and November.
3. Absorption costing (gross margin) income statement using STANDARD costing for October and November.