Please answer each of the following questions in detail. Provide two in-text citations that matches peer reviewed references and include examples whenever applicable.   Explain the process costing income statement and provide a hypothetical example of process costing income statement in a manufacturing enterprise. Explain how unit product cost is evaluated in this format. Provide in-text citations and explain your example in detail.  Explain the variable costing income statement and provide a hypothetical example of variable costing income statement in a manufacturing enterprise. Provide in-text citations and explain your example in detail.

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.