Question: Required: 1. Prepare a contribution format income statement for each year using variable costing. 2. Refer to the absorption costing income statements above. a. Compute

using variable costing. 2. Refer to the absorption costing income statements above.

a. Compute the unit product cost in each year under absorption costing.

Required: 1. Prepare a contribution format income statement for each year using variable costing. 2. Refer to the absorption costing income statements above. a. Compute the unit product cost in each year under absorption costing. (Show how much of this cost is variable and how much is fixed.) (Round your answer to 2 decimal places.)

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