Connect Assignment 3 (due 9/29): Read Instructions i Saved 42,eee 37,eee 81 $ 10 points Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed (per month) Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost (per month) $ 556,600 $ 15 eBook $ 798,eee References Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing. a. Determine the unit product cost. b. Prepare an Income statement for May. 2. Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format Income statement for May. Complete this question by entering your answers in the table below. Req 1A Reg 18 Reg 2A Reg 2A Reg 28 Prepare a contribution format income statement for May. Assume that the company uses variable costing. High Country, Inc. Variable Costing Income Statement Net operating income