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venton Company manufactures and sells a single product cost dald TUI 6 9 3 3 $ 21 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 $ 90,000 169,000 $ 259,000 The product sells for $48 per unit. Production and sales data for July and August, the first two months of operations, follow. Units Produced 18,000 18,000 Units Sold 14,000 22.000 July August The company's Accounting Department has prepared the following absorption costing income statements for July and August Sales Cost of goods sold Gross margin Selling and administrative expenses Het operating income July $ 672,000 322,000 350,000 211,000 $ 139,000 August $ 1,056,000 506,000 550,000 235,000 $ 315,000 Required: 1. Determine the unit product cost under: 2. 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 e here to search August 18,000 22,000 The company's Accounting Department has prepared the following absorption costing income state Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income July $ 672,000 322,000 350,000 211,000 $ 139,000 August $ 1,056,000 506,800 550,000 235,000 $ 315,000 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 Absorption costing Variable costing Required 2 > pe here to search o August 18,000 22,600 The company's Accounting Department has prepared the following absorption costing income statem Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income July $ 672,000 322,000 350,000 211,000 $ 139,000 August $ 1,056,000 506,000 550,000 235,000 $ 315,000 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 Prepare variable costing income statements for July and August. Denton Company Variable Costing Income Statement July August

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