Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials 4 Direct labor 10 Variable manufacturing 4 overhead Variable selling and adminiatrative 1. Total variable coat per $ 19 unit Fixed cots per month Fixed manufacturing $105,000 overhead Fixed selling and adminiatrative 169,000 Total fixed cost per month $274,000 The product sells for $52 per unit. Producttion and sales data for July and August, the first two momths of operations follow Units Units Produced Sold July August 21,000 25,000 21,000 17,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August July $884,000 391,000 August $1,300,000 Sales 575,000 725,000 Cost of goods sold Groas margin Selling and adniniatrative expenaes 493,000 186,000 194,000 Net operating income $307,000 531,000 Required: 1. Determine the unit product cost under a. Absorption Costing. b. Varlable costing. 2. Prepare contribution format varlable costing income statements for. July and August 3. Reconcle the variable costing and absorption costing net operating incomes Complete this question by entering your answers in the tabs below