Prepare variable costing income statements for July and August. Denton Company manufactures and sells a single product. Cost data for the product are glven: The product sells for $53 per unlt. Production and sales data for July and August, the first two months of operatlons, follow The company's Accounting Department prepared the following absorption costing Income statements for July and August Required: 1. Determine the unlt product cost under: a. Absorption costing. b. Varlable costing. 2. Prepare varlable costing Income statements for July and August. 3. Reconcile the varlable 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. Note: Enter any losses or deductions as a negative value
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