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Complete this question by entering your answers in the table below Req 1A Req 1B...

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Accounting

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Complete this question by entering your answers in the table below Req 1A Req 1B Req 2A Req 2B Determine the unit product cost. Assume that the company uses absorption costing Unit product cost Req 1A Req 1B Req 2A Req 2B Prepare an income statement for May. Assume that the company uses absorption costing. High Country, Inc., Absorption Costing Income Statement 600,000 Cost of goods sold Gross margin Selling and administrative expenses Net operating income 600,000 $ 600,000 Req 2A > Prepare a contribution format income statement for May. Assume that the company uses variable costing. High Country, Inc., Variable Costing Income Statement Sales Variable cost of goods sold Variable selling expense Contribution margin Fixed selling and administrative expense Fixed manufacturing overhead Net operating income Req 2A Req 2B

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