2 Denton Company manufactures and sells a single product Cost data for the product are given Warte content it was 34 Direct laber 12 Venturing what 121 Total variable wit Find us onth tacturing verhead selling and weinistrative $63. 163.com 5.226,0 The product sels for $5 per unit Production and sales data for July and August, me first two months of operations, follow: its Produced units Sold M 21, 17, 25.00 The company's Accounting Department has prepared the following absorption costing Income statements for July and August July w $ 163, 11. Lot of goods Gwarga do, 725, Scott tieteen S. 5.512.00 Pequired 1 Determine the unit product cost under Absorption costing le costing 2. Preoste variable coding income statements for Juand August Reton me variable costing and abortion costing net operating incomes Required 1 Required 2 Required Prepare variable casting income statements for July and August Denton Commy Variabile Costing Income Statement August Os 301.000 1.275.000 Variable expenses Variatie cost of goods sold 390.000 399.000 Vanable sing and administrative expenses 309.000 300.000 450.000 870.000 Foremanasturing overhead Feeling and administrave cene os 0 076.000 Nietoperating income 485.000 $367,00 374,000 493,000 107.000 $ 290,000 5 1,275,000 550. 725, Cost of oid Greis min Selling dadinistrative penes Net Operating income $ 512, 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required Reconcile the variable doing and absorption costing net operating incomes. (Entrant or deductions as a negative va Rection Vertale Costing and Absorption Costing Net Operating Incomes July tinglering income 205000 Radenied arutalno costredinom August 520003 Arcoing net ning