Q.2. Abdullah Inc. produces and sells novelty hats. The first year of operations has just been completed and the following operating data has been assembled: Sales (20,000 units) $225,000 Production Variable costs: 27,500 units Production Selling & administrative Fixed costs: Production Selling & administrative Work in process-end of year Required: (1) Compute the per unit contribution margin. (2) Compute the per unit gross margin. (3) Prepare income statements using: a. variable costing b. absorption costing $ 96,250 12,000 41,250 22,000