Problem 6-22 (Algo) Varlable Costing Income Statements; Income Reconciliation [LO6-1, LO6-2, L06-3] Denton Company manufactures and sells a single product. Cost data for the product are given: 12 3 1 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 $ 75,eee 169,eee $ 244,800 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 15, eee 15,eee Units Sold 11,820 19,00 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 inconte July $ 528,888 264.00 264,000 180.000 $ 84,889 August 912, eee 456, eee 456, eee 188,eee 268,eee $ 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 Absorption costing Variable costing a. b. Required 1 Required 2 >