Denton Company manufactures and sells a single product Cost data for the product are given Variable coats per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and adasinistrative Total variable cost per unit Fixed costs per month Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month 12 3 2 22 $ 90,000 166,000 5 256,000 The product sells for $46 per unit. Production and sales data for July and August, the first two months of operations, follow July August Units Produced 15,000 15,000 Unica Sola 11,000 19,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August July August $ 506,000 Coat of goods sold 297,000 525.000 Gross margin 209,000 360,000 Selling and administrative expenses 177.000 165,000 $32,000 Het operating income 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 ok 1 inces Complete this question by entering your answers in the tabs below. N. Required 1 Required 2 Required 3 Determine the unit product cost under: (a) Absorption costing. (6) Variable costing Unit Produ Cont Absorption costing Variable costing Required 2 > Required 1 Required 2 Required 3 Prepare variable costing income statements for July and August. Denton Company Variable Costing Income Statement July August Net operating income (loss) 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. Required 1 Required 2 Required 3 Reconcile the variable costing and absorption costing net operating incomes. (Enter any losses or deductions as an value.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes July August Variable costing net operating income (oss) Add (deduct) fixed manufacturing overhead cost deferred in (released from) inventory under absorption costing Absorption costing net operating income (loss)