RE Question 2 Fresh Air Products manufactures and sells a variety of camping products. Recently the company opened a new plant to manufactures deluxe portable cooking unit. Cast and care data for the first month of operations are shown below! Beginning inventory O units Units produced 11,900 Units sold 10,500 Manufacturing costs Fixed overhead $95,200 Variable overhead $4 per unit Direct labour $11 per unit Direct material $29 per unit Selling and administrative costs Fixed 5202,700 Variable $3 per unit sold The portable cooking unit sells for $111. Management is interested in the opening onth's results and has asked for an income itement (a) Assuming the company uses variable costing: 1. Calculate the manufacturing cost per unit. per unit Manufacturing cost 2. Prepare a variable-casting income statement for the month of operation. (a) Assuming the company uses variable costing: 1. Calculate the manufacturing cost per unit. Manufacturing cost $ per unit 2. Prepare a variable-costing Income statement for the first month of operation. Fresh Air Products Income Statement-Variable Costing For the first month of operations V > v 1 v 2. Prepare a variable-costing income statement for the first month of operation. Fresh Air Products Income Statement-Variable Costing For the first month of operations > $ (b) Reconcile the difference in net income between the absorption-costing and variable-costing methods. Variable costing operating income Fixed manufacturing overhead costs deferred in ending inventory Absorption costing operating income