Denton Company manufactures and sells a single product Cost data for the product are given: The product selis for $48 per unit. Production and sales data for July aqd August, the first two months of operations, follow. The company's Accounting Department has prepared the following obsorption costing income stotements for July and Augist Required: 1. Determine the unit product cost under a. Absorption costing b Variable costung 2. Prepare variable costing inciome statements for July ond August. 3 Reconclie the vartable costing and obsorpton costing net operating incomes Complete this question by entering your answers in the tabs below. Determine the unit product cost unders (b) Absorption costing, (b) Variable costing. \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Denton Company } \\ \hline Variable Costing Income Statement \\ \hline & July & August \\ \hline & & \\ \hline \end{tabular} Reconcile the variable costing and absorption costing net operating incomes. (Enter any losses or deductions as a negative value