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Please show work, thank you (3d) Denton Company manufactures and sells a single product. Cost data for the product are given: The product sells for
Please show work, thank you (3d)
Denton Company manufactures and sells a single product. Cost data for the product are given: The product sells for $52 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 Aus 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. Determine the unit product cost under: (a) Absorption costing, (b) Varlable costing. Prepare varlable costing Income statements for July and August. Reconcile the varlable costing and absorption costing net operating Incomes. (Enter any losses or deductions as a negative value.)Step by Step Solution
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