Selling price.... Units in beginning inventory.. Units produced... Units sold... $30 300 1,800 2,000 Units in ending inventory... 100 Variable costs per unit: Direct materials..... $4 Direct labor... $5 Variable manufacturing overhead....... $6 Variable selling and administrative....... $1 Fixed costs: Fixed manufacturing overhead......... Fixed selling and administrative........ $18,000 $9,000 Required: 1. 2. Prepare an absorption costing income statement for September 3. Prepare a contribution format income statement for September using variable costing 4. Compute the unit product cost under Absorption costing and Variable costing Reconcile the absorption costing and variable costing net operating incomes in (2) and (3) above Absorption costing income statement, Gross margin is: Absorption costing income statement, Sales is: the unit product cost under Variable costing Variable costing income statement, Contribution margin is: Choose.. + Choose.. Choose.. Choose... Reconcile the absorption costing and variable costing net operating incomes Choose.. fixed manufacturing overhead cost released from inventory under absorption costing is: ADD/(Deduct) Absorption costing income statement, Net operating income /(loss) is: Choose.. Variable costing income statement, Net operating income/(loss) is: Choose.. + the unit product cost under Absorption costing Choose.. +