Hel Denton Company manufactures and sells a single product. Cost data for the product are given: ok Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costo per month Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month 3 3 $ 21 nces $ 90,000 166,000 $ 256,000 The product sells for $50 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Units Produced Sold July 30,000 26,000 August 30,000 34,000 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 Het operating income July $1,300,000 545,000 754,000 244,000 $ 510,000 August $ 1,700,000 714,000 986,000 268,000 718,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income $1,300,000 546,000 754,000 244,000 510,000 $ 1,700,000 714,000 986,000 268,000 $ 718,000 $ 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. 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