Super Products, Inc, uses a standard costing system. For June and July the following costs were budgeted and incurred: Manufacturing costs: Variable costs per unit: Direct materials $ 30 Direct labor $ 42 Variable overhead $ 6 Fixed overhead costs: (monthly total) $300,000 Selling & Administrative Costs: Variable costs per unit sold: $22 Fixed (monthly total) $175,000 The budgeted denominator level used to determine the fixed overhead allocation rate was 5.000 units for each month. For July, the following information was available: Inventory July 1 1,000 units Units produced in July 4,000 units Units sold in July 3,200 units Selling price per unit Assume there are no price, efficiency, or rate (spending) variances. Prepare a numerical reconciliation in which you predict the variable costing operating $300 inremo for the month nfulu no NOT nranara a now inramo statomont Rornnrila Moodle x o 6 Inventory July 1 1.000 units Units produced in July 4.000 units Units sold in July 3.200 units Selling price per unit $300 Assume there are no price, efficiency, or rate spending variances. Prepare a numerical reconciliation in which you predict the variable costing operating income for the month of July. DO NOT prepare a new income statement. Reconcile mathematically, the difference between the two operating income figures. Label all calculations. (4 marks) X2 A- EE B