Denton Company manufactures and sells a single product. Cost data for the product are given Variable conto per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed cont per month Fixed manufacturing overhead Fixed selling and administrative Total Lixed cont per month 34 10 2 3 $19 $49.000 160,000 $ 211,000 The product sells for $50 per unit. Production and sales data for July and August, the first two months of operations, follow! Unit Produced 15,000 15,000 Units sold 11,000 19,000 July Auqunt The company's Accounting Department has prepared the following absorption costing income statements for July and August Sales Cost of goods nold Groun margin Selling and administrative expenses Net operating income July 550,000 209,000 101,000 109,000 142.000 August 3950,000 361,000 509,000 223,000 360,000 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. 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 Determine the unit product cost under: (a) Absorption costing, (b) Variable costing. Unit Product Cost a. Absorption costing b. Variable costing Required Required 2 > 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 Net operating income (loss) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Reconcile the variable costing and absorption costing net operating incomes. (Enter any losses or deductions as a negative value.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes July August Variable costing net operating income (loss) Add (deduct) fixed manufacturing overhead cost deferred in (released from) inventory under absorption costing Absorption costing net operating income (los)