Prepare variable costing income statements for July and August. Denton Company manufactures and sells a single product. Cost data for the product are given: The product sells for $48 per unit. Production and sales data for July and August, the first two mc The company's Accounting Department has prepared the following absorption costing income st 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. Reconcile the variable costing and absorption costing net operating incomes. (Enter any losses or deductio value.)