Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 5 12 2 Total variable cost per unit $22 Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative 72,000 172,e0e 244,000 Total fixed cost per month The product sells for $52 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Sold Units Produced 18,000 18,000 July August 14,000 22,000 The company's Accounting Department has prepared the following absorption costing income statements for July and Augus Duly $728,000 322,000 August $1,144,000 506,000 638,000 238,000 Sales Cost of goods sold Gross margin Selling and administrative expenses 406,000 214,000 $ 192,000 400,000 Net operating me July $ 728,000 August $ 1,144,000 506,000 638,000 238,000 400,000 Sales Cost of goods sold Gross margin Selling and administrative expenses 322,000 406.000 214.000 Net operating income 192,ee0 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 1 Required 2 Required 3 Determine the unit product cost under: (a) Absorption costing, (b) Variable costing. Unit Product Cost a Absorption costing b Variable costing Requirec Required 2