Problem 3-13 Comprehensive Problem with Labour Fixed [L01. L02, L03, L04] Zurgot Inc. has just organized a new division to manufacture and sell specially designed computer tables. using select hardwoods. The division's monthly costs are shown in the schedule below: Manufacturing costs: Variable costs per unit: Direct materials $ 153 Variable manufacturing overhead $ 16 Fixed manufacturing overhead costs {total} $475,320 Selling and administrative costs: Variable 15% of sales Fixed (total) $237,650 Zurgot regards all of its workers as full-time employees, and the company has a long-standing no-layo policy. Furthermore, production is highly automated. Accordingly, the company includes its labour costs in its xed manufacturing overhead. The tables sell for $455 each. During the rst month of operations, the following activity was recorded: Unite produced 4,650 Unite eold 3,530 2. Prepare an income statement for the month using absorption costing. (Do not leave any empty spaces; input a 0 wherever it is required.) Sales Cost of goods sold: Beginning inventory Add: Cost of goods manufactured Goods available for sale 0 Less: Ending inventory 0 Gross margin 0 Selling and administrative expenses Operaing income3. Prepare a contribution format income statement for the month using variable costing. (Do not leave any empty spaces; input a 0 wherever it is required.) Sales Variable expenses: Variable cost of goods sold: Beginning inventory Add: Variable manufacturing costs Goods available for sale 0 Less: Ending inventory Variable cost of goods sold Variable selling and administrative expense C Contribution margin 0 Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative expense C Operating income 0Required: 1. Compute the unit product cost under each of the following costing method. a Absorption ousting _E a Variable cooling