Favini Company, which has only one product, has provided the following data concerning its most recent month of operations

Selling price.. $141

Units in beginning inventory.. 0

Units produced. 6,200

Units sold.. 5,900

Units in ending inventory 300

Variable costs per unit:

Direct Materials........ $40

Direct Labor.. $47

Variable Manufacturing Overhead. $ 4

Variable Selling & Administrative Expense $ 7

Fixed cost per year:

Fixed Manufacturing Overhead$167,400

Fixed Selling & Administrative Expense$ 82,600

Required: PLEASE SHOW WORK

What is the cost per unit using the variable coting method?

Prepare an Income Statement using the Variable Costing Method.

What is the cost per unit using the absorption costing method?

Prepare an Income Statement using the Absorption Costing Method.