McCracken Aerial, Inc., produces and sells a unique type of TV antenna. The company has just opened a new plant to manufacture the antenna, and the following cost and revenue data have been provided for the first month of the plant's operation: 49,000 44,000 78 $ Beginning inventory Units produced Units sold Selling price per unit Selling and admin expenses Variable per unit Fixed (total) Manufacturing costs Direct materials cost per unit Direct labor cost per unit Variable MOH cost per unit Fixed MOH cost (total) $ 3 $563,000 $ 17 $ 8 $ 1 $ 882,000 Because the new antenna is unique in design, management is anxious to see how profitable it will be and has asked that an income statement be prepared for the month. 1.) Assuming the company uses absorption costing. a. Determine the unit product cost b. Prepare an income statement for the month 2.) Assuming the company uses variable costing. a. Determine the unit product cost b. Prepare a contribution margin income statement for the month