The company's $18 unit product cost is computed as follows: Forty percent of fixed manufacturing overhead consists of wages and salaries, the of depreciation charges on production equipment and buildings. Production and cost data for the two years are: Prepare a variable costing contribution format income statement for each year. Reconcile the absorption costing and the variable costing net operating each year. High Country, Inc., produces and sells many recreational products. The company new plant produce a folding camp cot that will be market throughout the following cost and revenue data relate to May, the first month of the plant's