You are required to: 1. Prepare a contribution format income statement for May 2. Prepare a traditional format income statement for May. 2. Maintenance costs at Planet Corporation factory are listed below: Machine-Hours Maintenance Cost April 3,135 $48,340 May 3,095 $47,993 June 3,133 $48,345 July 3,157 $48,548 September 3,065 $47,733 October 3,084 $47,880 November 3,125 $48,247 December 3,098 $48,014 Management believes that maintenance cost is a mixed cost that depends on machine-hours. Use the high-low method to estimate the variable and fixed components of this cost. 1. What is the variable cost per unit? 2. What is the fixed cost? 3. What is the cost equation?