10 Variable costs per uniti 13 12 Denton Company manufactures and sells a single product. Cost data for the product are given: $4 10 2 2 $19 points eBook Ask Pint References Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month $ 105,000 163,000 $268,000 The product sells for $48 per unit. Production and sales data for July and August, the first two months of operations, follow July August Unite Produced 21,000 21,000 Unite Sold 17,000 25,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Required: 1. Determine the unit product cost under: July $ 816,000 359,000 August $1,200,000 459,000 197,000 525,000 675,000 213,000 $262,000 $462,000 a. Absorption costing. b. Variable costing. 2. Prepare variable costing income statements for July and August. 3. Reconcile the variable costing and absorption costing net operating incomes. Ch 10 points eBook Ask Print References Required: 1. Determine the unit product cost under: a. Absorption costing. b. Variable costing 2. Prepare variable costing income statements for July and August. 3. Reconcile the variable costing and absorption costing net operating incomes Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the unit product cost under: (a) Absorption costing, (b) Variable costing. a. Absorption costing b. Variable costing Unit Product Cost Required 1 Required 2 > Next 10 points Required 1 Required 2 Required 3 eBook Ask Print References the tabs below. Prepare variable costing income statements for July and August. Denton Company Variable Costing Income Statement + July August Net operating income (loss) Drai 12 of 12 Next > eBook Complete this question by entering your answers in the tabs below. Ask Print Required 1 Required 2 Required 3 References Reconcile the variable costing and absorption costing net operating incomes. (Enter any losses or deductions as a negative value.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes July August Variable costing net operating income (loss) Add (deduct) fixed manufacturing overhead cost deferred in (released from) inventory under absorption costing Absorption costing net operating income (loss)