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Denton Company manufactures and sells a single product. Cost data for the product are given:...

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Accounting

Denton Company manufactures and sells a single product. Cost data for the product are given:
The product sells for $47 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 August: 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.
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