12 3 2 $ 20 Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials $ 3 Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month Fixed manufacturing overhead $ 108,000 Fixed selling and administrative 166,000 Total fixed cost per month $ 274,000 The product sells for $47 per unit Production and sales data for July and August, the first two months of operations, follow: Units Produced Units sola July 27,000 23,000 August 27,000 31,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August Sales Cont of goods sold Gross margin Selling and administrative expenses Net operating Income July August $ 1,081,000 $ 1,457,000 506,000 682,000 575,000 275,000 212,000 228.000 $ 363,000 $ 547,000 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. Unit Product Cost a. Absorption costing b. Variable costing Required Required 2 >