Am I doing this right? please help explain how to find the answers. I need to understand the concepts

$ 7 10 5 5 Variable costs per unit: 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 $ 25 $ 315,000 245,000 $ 560,000 S The product sells for $60 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced 17,500 17,500 Units Sold 15,000 20,000 July August 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 July $ 900,000 600,000 300,000 290,000 August $ 1,200,000 800,000 400,000 305,000 The product sells for $60 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced 17,500 17,500 Units Sold 15,000 20,000 July August 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 July $ 900,000 600,000 300,000 290,000 $ 10,000 August $ 1,200,000 800,000 400,000 305,000 $ 95,000 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. Denton Company Variable Costing Income Statement July $ 900,000 Sales August $ 1,200,000 Variable expenses: Variable cost of goods sold Variable selling and administrative expenses 330,000 45,000 440,000 60,000 375.000 525.000 500.000 700,000 Total variable expenses Contribution margin Fixed expenses. Fixed manufacturing overhead Fixed selling and administrative expenses Administrative expenses 0 Total fixed expenses 0 S 525.000 $ 700.000 Net operating income (loss) Determine the unit product cost under: (a) Absorption costing, (b) Variable costing. Unit Product Cost S $ 40 a. Absorption costing b. Variable costing S 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)