The company produces same amount of units every month, ALTHOUGH sales in units vary from one month to another. Variable costs and total fixed cost have been constant from month to month.
1. What is the unit product cost for the month under variable costing
2. What is the unit product cost for the month under absorption costing
3. Prepare a contribution format income statement for the month under variable costing
4. Prepare an income statement for the month under absorption costing
5. Reconcile the variable costing and absorption costing net operating income for the month
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