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. Determine the unit product cost under: (a) Absorption costing, (b) Variable costing. Reconcile the variable costing and absorption costing net operating incomes. (Enter any losses or deductions as a negative value.) Prepare variable costing income statements for Julv and Auaust. Denton Company manufactures and sells a single product. Cost data for the product are given: The product sells for $50 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 Jgly and August