Problem 6A-5 (Algo) Super-Variable Costing, Variable Costing, and Absorption Costing Income Statements [LO6-2, LO6-6] Bracey Company manufactures and sells one product. The following information pertains to the company's first year of operations: The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 23,500 units and sold 21,900 units. The selling price of the company's product is $61 per unit. Required: 1. Assume the company uses super-variable costing: a. Compute the unit product cost for the yeac. b. Prepare an income statement for the yeat. 2. Assume the company uses a variable costing system that assigns $14.00 of direct labor cost to each unit produced: a. Compute the unit product cost for the yeac. b. Prepare an income statement for the year. 3. Assume the company uses an absorption costing system that assigns $14.00 of direct labor cost and $15.70 of fixed manufacturing overhead cost to each unit produced: a. Compute the unit product cost for the year. b. Prepare an income statement for the year. 4a. Reconcile the difference between the super-variable costing and variable costing net operating incomes. 4b. Reconcile the difference between the super-variable costing and absorption costing net operating incomes. Denton Company manufactures and sells a single product. Cost data for the product are given: The product sells for $46 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 Al 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. Reconclle the variable costing and absorption costing net operating incomes