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Denton Company manufactures and sells a single product. Cost data for the product are given: The product sells for $54 per unit. Production and sales data for July and August, the first two mor The company's Accounting Department has prepared the following absorption costing income sta 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. Complete this question by entering your answers in the tabs below. Prepare variable costing income statements for July and August. Complete this question by entering your answers in the tabs below. 6. Suppose that the company's minimum required rate of return on operating assets is 13% and that performance is evaluated using residual income. a. Compute the Office Products Division's residual income for this year. b. Compute the Office Products Division's residual income for the new product line by itself. c. Compute the Office Products Division's residual income for next year assuming that it performs the same as this year and adds the new product line