Waterway Products manufactures and sells a variety of camping products. Recently the company opened a new factory to manufacture a deluxe portable cooking unit. Cost and sales data for the first month of operation are shown below: o units 10,000 8.900 Beginning inventory Units produced Units sold Manufacturing costs Fixed overhead Variable overhead Direct labour $97,200 $7.00 per unit $12.00 per unit Direct material $29.00 per unit Selling and administrative costs Fixed $190.100 Variable $4.00 per unit sold The portable cooking unit sells for $112.00. Management is interested in the opening month's results and has asked for an income statement. (a) Assume the company uses normal-absorption costing and uses the budgeted volume of 13,500 units to allocate the fowed overhead rate rather than the actual production volume of 10,000 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Do the following: 1. Calculate the martufacturing cost per unit. (Round manufacturing cost to 2 decimal places, eg. 15.25) Manufacturing cost $ per unit 2. Prepare a normal absorption-costing income statement for the first month of operation WaterwayProducts Income Statement-Normal-Absorption Costingg For the first month of operations 2. Prepare a normal-absorption-costing income statement for the first month of operation WaterwayProducts Income Statement-Normal-Absorption Costingg For the first month of operations $ - 12