Denton Company manufactures and sells a single product. Cost data for the product are given: The product
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Denton Company manufactures and sells a single product. Cost data for the product are given:
The product sells for $ per unit. Production and sales data for July and August, the first two months of operations, follow:
The company's Accounting Department has prepared the following absorption costing income statements for July and August:
Required:
Determine the unit product cost under:
a Absorption costing.
b Variable costing.
Prepare variable costing income statements for July and August.
Reconcile the variable costing and absorption costing net operating incomes.
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