Denton Company manufactures and sells a single product. Cost data for the product are glven: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit $ 19 Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month $ 144,808 169,888 $ 313,8ee The product sells for $47 per unit Production and sales data for July and August, the first two months of operations, follow Units Produced 24,880 24,880 Units Sold 20 , 000 28,980 July 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 $ 948,8e0 1,316,8e8 644,888 672,888 225,888 $ 271,ee8 447,8ee 468,8e8 488,888 289,888 Requlred 1. Determine the unit product cost under: a. Absorption costing. b. Varlable costing. 2. Prepare contribution format variable costing Income statements for July and August. 3. Reconclle the varlable costing and absorption costing net operating Incomes. Complete this question by entering your answers in the tabs below Required 1Required 2Required 3 Determine the unit product cost under: (a) Absorption costing, (b) Variable costing Cost a. Absorption costing b. Variable costing Complete this question by entering your answers in the tabs below. Required 1Required 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) Required 1 Required3 > Complete this question by entering your answers in the tabs below Required 1Required 2 Required 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) Required 2