quiestion 2

rest of question and part 1

part 2

part 3

2 Denton Company manufactures and sells a single product Cost data for the product are given 3 01:46:42 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 5.5 10 2 2 $19 eBook $ 63,000 175,000 $ 230,000 The product sells for $52 per unit. Production and sales data for July and August, the first two months of operations, follow Unit Produced Units sold July 21,000 17,000 August 21,000 25.000 The company's Accounting Department has prepared the following absorption costing income statements for July and August July August Sales $ 584,000 $ 1,300,000 cost of yoods sold 340,000 500,000 Oros margin 544,000 100,000 Selling and administrative expenses 209.000 225.000 $335.000 5.575.000 Mc Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income JULY $ 884,000 340,000 544,000 209,000 $ 335,000 August $ 1,300,000 500,000 800,000 225,000 5 575,000 01:4233 Book 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 V Saved 2 Required 1 DEL Required 2 Required 3 Prepare variable costing income statements for July and August. 5 014214 Denton Company Variable Costing Income Statement July August eBook ho Net operating Income (loss) Me Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 37 Reconcile the variable costing and absorption costing net operating incomes. (Enter any losses or deductions value.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes July August Variable costing net operating income (loss) Add (deduct) fixed manufacturing overhead cost deferred in (released from) inventory under absorption costing Absorption costing net operating income (loss)