Selling price	138
Units in beginning inventory	500
Units produced	4100
Units sold	4300
Units in inding inventory	300
Variable cost per unit:

Direct material 31

Direct labor 59

Variable manu overhead 4

Variable selling and adminsi exp 9

Fixed costs:

Fixed manufacturing overhead 94,300

Fixed selling and adminsistrative expense 47,300

The company produces same amount of units every month, ALTHOUGH sales in units vary from one month to another. Variable costs and total fixed cost have been constant from month to month.

1. What is the unit product cost for the month under variable costing

2. What is the unit product cost for the month under absorption costing

3. Prepare a contribution format income statement for the month under variable costing

4. Prepare an income statement for the month under absorption costing

5. Reconcile the variable costing and absorption costing net operating income for the month