Zurgot Inc. has just organized a new division to manufacture and sell specially designed computer tables, using select hardwoods. The division's monthly costs are shown in the schedule below: Manufacturing costs: Variable costs per unit: Direct materials $ 156 Variable manufacturing overhead 16 Fixed manufacturing overhead costs (total) $570, 230 selling and administrative costs: 02:53:30 Variable 10 % of sales Fixed (total) $336, 750 Zurgot regards all of its workers as full-time employees, and the company has a long-standing no-layoff policy. Furthermore, production is highly automated. Accordingly, the company includes its labour costs in its fixed manufacturing overhead. The tables sell for $500 each. During the first month of operations, the following activity was recorded: Units produced 4, 490 Units sold 3, 420 Required: 1. Compute the unit product cost under each of the following costing method. Unit Product Cost a. Absorption costing b. Variable costing Prepare an income statement for the month using absorption costing. (Do not leave any empty spaces; input a 0 whereve uired.)2. Prepare an income statement for the month using absorption costing. (Do not leave any empty spaces; lnpu! a O wherever his required.) Cost of goods sold: $ 02:52:41 eBook wherever it is required.) 3. Prepare a contribution format income statement for the month using variable costing. (Do not leave any empty spaces; input a 0 Variable expenses: Variable cost of goods sold: 0 o Fixed expenses: 0 $ 4. This part of the question is not part of your Connect assignment. 5. Reconcile the absorption costing and variable costing operating income figures in (2) and (3) above. Mc Prev 1 of 6 Next > Graw HillFixed expenses: 4. This part of the question is not part of your Connect assignment. 5. Reconcile the absorption costing and variable costing operating income gures in (2) and (3) above. 'li-ni Mill Variable costing operating income (loss) Add: Fixed manufacturing overhead cost deferred in inventory under absorption costing Absorption costing operating income (loss)