Managerial Accounting: P6-16 Wiengot Antennas, Inc., produces and sells a unique

Managerial Accounting 
Problem 6-16 Variable and Absorption Costing Unit Product Costs and Income Statements; Explanation of Difference in Net Operating Income 
Wiengot Antennas, Inc., produces and sells a unique type of TV antenna. The company has just opened a new plant to manufacture the antenna, and the following cost and revenue data have been provided for the first month of the plant%u2019s operation. 
Beginning inventory - 
Units produced 44,000 
Units sold 39,000 
Selling price per unit 80.00 
Selling and administrative expenses: 
  Variable per unit 2.00 
  Fixed (total) 567,000 
Manufacturing costs 
  Direct materials cost per unit 17.00 
  Direct labor cost per unit 8.00 
  Variable manufacturing overhead cost per unit 2.00 
  Fixed manufacturing overhead cost (total) 792,000 

Because the new antenna is unique in design, management is anxious to see how profitable it will be and has asked that an income statement be prepared for the month. 
    
Required: 
1. Assume that the company uses absorption costing. 
a. Determine the unit product cost. (Omit the "$" sign in your response.) 
b. Prepare an income statement for the month. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) 
2. Assume that the company uses variable costing. 
a. Determine the unit product cost. (Omit the "$" sign in your response.) 
b. Prepare a contribution format income statement for the month. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.)
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