Use the following to answer questions 7-12: Abbey Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $129 Units in beginning inventory 0 Units produced 6,300 Units sold 6,100 Units in ending inventory 200 Variable costs per unit: Direct materials $32 Direct labor $50 Variable manufacturing overhead $5 Variable selling and administrative $11 Fixed costs: Fixed manufacturing overhead $88,200 Fixed selling and administrative $97,600

7. What is the unit product cost for the month under variable costing? A) $87 B) $101 C) $112 D) $98

8. What is the unit product cost for the month under absorption costing? A) $101 B) $98 C) $87 D) $112

9. The total contribution margin for the month under the variable costing approach is: A) $170,800 B) $256,200 C) $100,900 D) $189,100