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 10 overhead administrative unit Variable selling and 2 Total variable cost per $ 19 Fixed costs per month: Fixed manufacturing Fixed selling and Total fixed cost per month _$268,000 $105,000 overhead 163,000 administrative The product sells for $47 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Units Produced Sold July 21,000 17,000 August 21,000 25,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August: July August Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income $799,000 1,175,000 374,000550,000 625,000 213,000 $228,000 412,000 425,000 197,000 Required 1. Determine the unit product cost under: a. Absorption costing b. Variable costing. 2. Prepare contribution format 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 Required Required Determine the unit product cost under: (a) Absorption costing, (b) Variable costing 2 3 Unit Product Cost Absorption costin b. Variable costing Required Required 2