Denton Company manufactures and sells a single product. Cost data for the product are given w 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 $ 22 $ 75,000 169,000 $244,000 The product sells for $49 per unit. Production and sales data for July and August, the first two months of operations, follow. July August Units Produced 15,eee 15,eee Units Sold 11, eee 19,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August Sales Cost of goods sold July $539,000 264,000 August $ 931,000 456,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August: July Sales $539, Cost of goods sold 264, eee Gross margin 275, eee Selling and administrative expenses 202,00 Net operating income $ 73,800 August $ 931, eee 456, eee 475, eee 226,000 $ 249,000 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. Required 1 Required 2 Required 3 Prepare variable costing income statements for July and August Denton Company Variable Costing Income Statement July August