Denton Company manufactures and sells a single product. Cost data for the product are given:

Variable costs per unit:

Direct materials

Fixed costs per month:

Fixed manufacturing overhead $ $$150,0$

Fixed selling and administrative

Total fixed cost per month

The product sells for $$51$ 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:

Requlred:

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.

Complete this question by entering your answers in the tabs below.

Required $1$

Reconcile the variable costing and absorption costing net operating incomes. $($Enter any losses or deductions as a negative

value.$)$