3 Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: 10 points Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit 12 eBook s 19 Pixed costs per month: Print Fixed manufacturing overhead Pixed selling and administrative Total fixed cost per month 72,000 166,000 References $238,000 The product sells for $54 per unit. Production and sales data for July and August, the first two months of operations. follow: Units Units Sold 14,000 July 18,000 August18,000 22,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August ugust Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income 756,000 1,188,000 294,000 462,000 462,000 194,000 -210,000 726,000 268,000516,000