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 overhead Variable selling and administrative Total variable cost per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month $ 20 72,000 172,00e $ 244, eee The product sells for $48 per unit. Production and sales data for July and August, the first two months of operations, follow July August Units Produced 24,000 24,00 Units Sold 28, 28,eee The company's Accounting Department has prepared the following absorption costing income statements for July and August: $ Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income July $ 960,000 400.000 560,000 232,000 328, eee August 1,344, ode 560,000 784, eee 256,000 528,000 $ 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