Vaughn Golf Ltd. produces and sells special golf balls for $22.00 for a pack of three. In May 2022, the company manufactured 32,700 packs (its normal volume) and sold 30,520 packs. The beginning inventory on May 1, 2022, was 5,450 packs. Production information for May 2022 is as follows: Direct manufacturing labour per pack 15.00 minutes Fixed selling and administrative costs $43,600 Fixed manufacturing overhead $143,880 Direct materials costs per pack $3.00 Direct labour rate per hour $24.00 Variable manufacturing overhead per pack $4.00 Variable selling expenses per pack $3.00 Calculate the total cost per pack under both absorption and variable costing. (Round per unit calculations and final answers to 2 decimal places, e.g. 15.25.) Absorption Costing Variable Costing Total cost per pack $ $ Prepare income statements in good form for the month ended May 31, 2022, under absorption and variable costing. (Enter loss using either a negative sign preceding the number e.g.-2,945 or parentheses e.g. (2,945). Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 125.) VAUGHNGOLF LTD. Absorption-Costing Income Statement Sales in units $ $ VAUGHNGOLF LTD. Variable-Costing Income Statement Sales in units $ $ Reconcile the operating income calculated under absorption costing with the operating income calculated under variable costing. Assume that April's costs were the same as those of May. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945). Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125.) Variable-costing net income / (loss) $ FMOH deferred in ending inventory FMOH released from beginning inventory Absorption-costing net income $ e Textbook and Media