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.) Unit product cost Variable costing $ 148.00 Requirement 2. Prepare an income statement using the contribution margin format. Salem, Inc. Income Statement (Variable Costing) For the Month Ended November 30 Net Sales Revenue Variable Costs: Variable Cost of Goods Sold Variable Selling and Administrative Costs Contribution Margin Fixed Costs: Fixed Manufacturing Overhead Fixed Selling and Administrative Costs Operating Income Data Table Units produced and sold 450 units Sales price $275 per unit Direct materials 60 per unit Direct labor 76 per unit Variable manufacturing overhead 12 per unit Fixed manufacturing overhead Variable selling and administrative costs 6,525 per month Fixed selling and administrative costs 60 per unit 4,750 per month Print Done