Required information $[$The following information applies to the questions displayed below.$]$ Vintage Company reports the following information. Compute product cost per unit under absorption costing. $($Round your answers to $2$ decimal places.$)$Required information $[$The following information applies to the questions displayed below.$]$ Vintage Company reports the following information. Compute product cost per unit under variable costing. $($Round your answers to $2$ decimal places.$)!$

Required information

$[$The following information applies to the questions displayed below.$]$

Praveen Company manufactures and markets a number of rope products. Management is

considering the future of Product XT$,$ a special rope for hang gliding that has not been as profitable

as planned. Because Product XT is manufactured and marketed independently of the other

products, its total costs can be precisely measured. Next year's plans call for a $$200$ selling price

per unit. Its fixed costs for the year are expected to be $$270,000.$ Variable costs for the year are

expected to be $$140$ per unit.

Prepare a contribution margin income statement for Product $xT$ at the break$-$even point.