this is my 2nd time m posting same question because the earlier attemp was wrong. plz show how to solve solve part 2&3...

Audiophonics Limited manufactures and sells high-quality and durable ear buds for use with personal electronics that are custom moulded to each customer's ear. Cost data for the product follow 12 24 8 6 Variable costs per unit: Direct materials Direct labour Variable factory overhead Variable selling and administrative Total variable costs per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs per month $ 50 $240,00 180,000 $420,000 The product sells for $80 per unit Production and sales data for May and June, the first two months of operations, are as follows: May Units Produced 15,000 15, eee Units Sold 13,000 17,000 June Income statements prepared by the Accounting Department using absorption costing are presented below. Income statements prepared by the Accounting Department using absorption costing are presented below. May June $1,040,000 $1,360,000 Sales Cost of goods sold: Beginning inventory Add cost of goods manufactured Goods available for sale Less ending inventory Cost of goods sold Gross margin Selling and administrative expenses Operating income 120,000 9 , 900,000 900,000 1,020,000 120,000 780,000 1,020,000 260,000 340,000 258,000 282,000 2,000 $ 58,000 $ Required: 1. Determine the unit product cost under each of the following methods. S 60 a Absorption costing 6 Variable costing $ 44 2. Prepare variable costing income statements for May and June using the contribution approach. (Do not leave any empty spaces; input o O wherever it is required.) May 0 0 0 Sales Less Variable expenses Variable cost of goods sold Beginning inventory Add. Variable production costs Goods available for sale Less: Ending inventory Variable cost of goods sold Variable selling and administrative Total variable expenses Contribution margin Fixed expenses Fixed manufacturing overhead Fixed selling and administrative Total food expenses Operating income (loss) 0 0 0 0 0 0 $ 0 0 3. Reconcile the variable costing and absorption costing operating income figures (Loss amounts should be indicated with a minus sign.) May lune Variable costing operating income (loss) Add: Cost deferred in inventory under absorption costing Deduct Cost released from inventory under absorption costing Absorption costing operating income $ 0$ 0