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Denton Company manufactures and sells a single product. Cost data for the product are given: The product seils for $49 per unit. Production and sales
Denton Company manufactures and sells a single product. Cost data for the product are given: The product seils for $49 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: Required: 1. Determine the unit product cost under: a. Absorption costing: b. Varioble 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 be Determine the unit product cost under: (a) Absorption costing, (b) Varia Complete this question by entering your answers in the tabs below. Prepare variable costing income statements for July and August. \begin{tabular}{|l|l|} \hline Variable costing net operating income (loss) \\ \hline Add(deduct)fixedmanufacturingoverheadcostdeferredin(releasedfrom)inventoryunderabsorptioncosting \\ \hline Absorption costing net operating income (loss) \\ \hline \end{tabular}
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