Question 1 of Monsters and Heroes and Men, Ltd. which produces a single product, has provided the follow data for its first two months of operations. Since August was the first month of operations, the company had no beginning inventory for August: August Number of units produced Number of units sold Units in ending inventory 5,000 4,000 1,000 September 8,000 9,000 $91 PRICE and COST INFORMATION: Selling price: Manufacturing costs: Direct materials $11 per unit Direct labor $27 per unit Variable manufacturing overhead $7 per unit Fixed manufacturing overhead $58,000 total Selling and administrative costs: Variable selling and administrative expenses $4 per unit Fixed selling and administrative expenses $87,500 total a. Compute the unit product cost in August using absorption costing. b. Compute the unit product cost in August using variable costing. c. Calculate net income for the month of August using absorption costing. d. Calculate net income for the month of August using variable costing. e. Calculate net income for the month of September using absorption costing. f. Calculate net income for the month of September using variable costing