Chec 5 11 4 2 25 points Variable conta per uniti Direct materiale Direct labor Variable manafacturing overhead Variable selling and administrative Total variable cont per unit Fixed coste per month Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month 04.02SS $ 60,000 163,000 $223,000 The product sells for $53 per unit. Production and sales data for July and August, the first two months of operations, follow. Produced July 15,000 August 15,000 Unit Sola 11,000 19,000 ferences The company's Accounting Department has prepared the following absorption costing Income statements for Jy and August Sales cost of goods sold Gross margin Selling and administrative expenses Het operating Incone July $ 580,000 264,000 319,000 105,000 3. 114.000 $ 1,007,000 456,000 551,000 201,000 $ 350.000 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