Chapter 6-Graded Homework #5 0 Help Save & Exlt ubmit Check my work Denton Company manufactures and sels a single product. Cost data for the product are given Variable costs per unit: 10 points Direct meteriale Direct labor Variable manufacturing overhead variable selling and administrative Total variable cost per unit 12 $ 21 eBook Pixod costs per month: Pixed manufacturing overiead Pixnd selling and administrative Total fixed cost per nonth 120,000 166,000 $ 286,000 References The product sells for $51 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Units Sold 20,000 28,000 July August 24,000 24,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August: July August $1,020,000 490,000 540,000 206,000 5331,000 1,428, DOD 632. 000 756, 000 222. DOD 531,000 Sales Cost of gouds suld Selling and administrative expenses Nct operating incnmo Required: 1. Detmine the unit product cost under: a. Absorption costing. b. Variable costing 2. Prepare contribution format variable costing income statements for July and August. 3. Reconcile the variable costing and absorption costing net operating incomes Mc Hill