Denton Company manufactures and sells a single product. Cost data for the product are given: 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 July August The product sells for $53 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Sold 20,000 28,000 Units Produced 24,000 24,000 $ 6 10 3 2 $ 21 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income $ 120,000 169,000 $ 289,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August: Required: 1. Determine the unit product cost under: July $1,060,000 480,000 580,000 209,000 $ 371,000 August $ 1,484,000 672,000 812,000 225,000 $ 587,000

Denton Company manufactures and sells a single product. Cost data for the product are given: The product sells for $53 per unit. Production and sales data for July and August, the first two months of operations, followi The company's Accounting Department has prepared the following absorption costing income statements for July and August Required: 1. Determine the unit product cost under: 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. Determine the unit product cost under: (a) Absorption costing, (b) Variable costing. Denton Company manufactures and sells a single product. Cost data for the product are given: The product sells for $53 per unit. Production and sales data for July and August, the first two months of operations, followi The company's Accounting Department has prepared the following absorption costing income statements for July and August Required: 1. Determine the unit product cost under: 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. Determine the unit product cost under: (a) Absorption costing, (b) Variable costing