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Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costa per uniti Direct materials Direct labor Variable manufacturing

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Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costa per uniti Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month Tixed manufacturing overhead Tixed selling and administrative Ital fixed cost per month 5.4 12 3 2 $ 21 00 $ 120,000 172,000 5.292,000 The product sells for $52 per unit Production and sales data for July and August the first two months of operations, follow. Uits sola July 26.000 August 34.000 The company's Accounting Department has prepared the following absorption costing income statements for July and August Units Produced 30.000 10.000 uy Sales coot of goods sold Cro Selline and ministrative expenses Het operatheon AUGUST $1.292.000 32.763,000 590.000 722.000 754.000 0.000 320.000 2400g 550.000 18:00 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income July August $ 1,352,000 $ 1,768,000 598,000 782,000 754,000 986,000 224,000 240,000 $ 530,000 $ 746,000 Required: 1. Dettrmine 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

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