Check my work 5 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 10 Skipped $ 25 Fixed costs per month: eBook Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month 315,0ee 245,08 S 560,000 Print 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 uly August The company's Accounting Department has prepared the following absorption costing income statements for July and August July August Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income 900,000 $ 1,200,000 60,00 8,9ee 400,000 299,00 305,900 $10,00e95,080 300,000 Required 1. Determine 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. Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Determine the unit product cost under: (a) Absorption costing, (b) Variable costing Unit Product Cost a. Absorption costing b. Variable costing Required 2> Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Prepare contribution format variable costing income statements for July and August Denton Company Variable Costing Income Statement July August Net operating income (loss) KRequired 1 Required 3 Complete this question by entering your answers in the tabs below. Required 1 Required 2Required 3 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) K Required 2 Required 3