Saved Help Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a foldin p cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month o t's operation: ginning inventory mits produced nits sold elling price per unit elling and administrative expenses: Variable per unit Fixed (per month) Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost (per month) 41,000 36,000 83 $ 2 $ 557,000 $ 15 $ 8 $ 738,000 anagement is anxious to assess the profitability of the new camp cot during the month of May. equired: Assume that the company uses absorption costing. Calculate the unit product cost. Prepare an income statement for May. Assume that the company uses variable costing. Calculate the unit product cost. Prepare a contribution format income statement for May O Prev 1 of 2 Next >