pls help answer questions 1 a and b and 2 a and b thanks and explain!

High Country, Inc., produces and sells many recreational products. The company has just opened a new plan camp cot that will be marketed throughout the United States. The following cost and revenue data relate to plant's operation: 0 10,000 8,000 75 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses Variable per unit Fixed (per month) Manufacturing contar Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manofacturing overhead cost per month) $ 6 $ 200,000 $ 20 $ 8 $ 2 $ 100,000 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 8. Calculate the unit product cost. b. Prepare an income statement for May 2. Assume that the company uses varinble costing, a. Calculate the unit product cost. b. Prepare a contribution format Income statement for May. Complete this question by entering your answers in the table below. R 1A Reg 18 Red 2A Red 25 Determine the unit product cost. Assume that the company uses absorption costing Prey 1 of 1 Next MacBook Air %23 # 3 $ 4 % 5 & 7 2 6 8