200 $ 300 Problem 3 (Ch.6) 3,000 = 24 Pace Corporation, which has only one product, has provided the following data concerning is most recent month of operations: Selling price Units in beginning inventory 55 500 Units produced Units sold 3,100 3,300 Units in ending inventory Variable costs per unit: Direct materials 19 Direct labor $ 26 Variable manufacturing overhead 1 Variable selling and administrative expense $ 4 Fixed costs: Fixed manufacturing overhead $ 12,400 Fixed selling and administrative expense $ 3,300 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. $ $ Required: 1 a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare a contribution format income statement for the month using variable costing. d. Prepare an income statement for the month using absorption costing. e. Reconcile the variable costing and absorption costing net operating incomes for the month