Please explain step by step

There is no fomat provided for solution sadly

2. Magnetic Company, which has only one product, has provided the following data concerning its most recent month of operations: $ 150 3,100 2700 400 Selling price... Units in beginning inventory.. Units produced. Units sold.... Units in ending inventory... Variable costs per unit: Direct Materials... Direct Labor... Variable manufacturing overhead... Variable selling and administrative... $ $ $ $ 50 7 11 Fixed costs: Fixed manufacutring overhead..... Fixed selling and administrative...... $ 86,800 $ 8,100 Required: 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