PA5-6 Comparing Full Absorption and Variable Costing [LO 5S-1 Dance Creations manufactures authentic Hawaian hula skirts that are purchased for traditional Hawaiian celebrations, costut Chapter 5 Homeworknctions. During its first year of business, the company incurred the following costs Variable Cost per Hula Skirt Direct materials Direct labor $ 9.60 3.40 1.05 0.40 Variable manufacturing ovarhead Variable selling and administrative expenses Fbxed Coet per Month Fixed manufacturing overhead Foed seling and administrative expenses $15,875 4,950 Dance Creations charges $30 for each skirt that it sells. During the first month of operation, it made 1,500 skirts and sold 1,375. Required: 1. Assuming Dance Creations uses variable costing, calculate the variable manufacturing cost per unit for last month. (Round your answer to 2 decimal places.) 2. Complete a variable costing income statement for last month. (Round your answers to 2 decimal places.) Dance C Contribution Margin Income Statement or the Last Month Contribution margin Net Operating Income