Denton Company manufactures and sells a single product. Cost data for the product are given: $ 5 eBook Print Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month References $ 23 $ 75,000 172,000 $247,000 The product sells for $49 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced July 15,000 August 15,000 Units Sold 11,000 19,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August: Sales Cost of goods sold Gross margin July $539,000 275,000 264,888 RAP AAR August $ 931, 475,000 456,000 Help Save & Exit Total fixed cost per month $247,000 The product sells for $49 per unit. Production and sales data for July and August, the first two months of operations, follow. Units Produced 15,800 15,eee July August Units Sold 11,eee 19,000 Rock Print References The company's Accounting Department has prepared the following absorption costing income statements for July and August: July Sales $539,000 Cost of goods sold 275,000 Gross margin 264,000 Selling and administrative expenses 205,080 Net operating income $ 59,098 August $ 931,800 475,000 456,000 229,089 $ 227,000 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