Salem, Inc. has collected the following data for November (there are no beginning inventories): (Click the icon to view the data.) Read the requirements. Requirement 1. Using variable costing, calculate the unit product cost. (Round your final answer to the nearest cent.) Variable costing Data table Unit product cost Requirement 2. Prepare an income statement using the contribution margin format. Salem, Inc. Income Statement (Variable Costing) For the Month Ended November 30 Operating Income Units produced and sold 300 units Sales price $350 per unit Direct materials 48 per unit Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs 78 per unit 24 per unit 4,950 per month Fixed selling and administrative costs 30 per unit 4,675 per month Print Done