The product sells for $55 per unlt_ Productlon and sales data for July and August, the first months of operatlons, follow: Denton Company manufactures and sells a slngle product Cost data for the product are glven: i materials and administrative 322 , ege , ege administrative ble labor ble manufactu ring variable selling and administrative i bl cost unit nufacturing selling Total fixed month 21 s 72, gee 17s, gee s 247, gee July August units Produced 18, egg 18, egg units Sold 14, egg 22, The company's Accountlng Department has prepared the followlng absorptlon costlng Income statements for July and August Cost of goods sold selling N t operating Required: 1. Determlne the unlt product cost under: a. Absorptlon costlng_ b. Varlable costlng July ne,ege 24S,ege Aug LEt ses,eeg lea, egg 21g,eeg ags,eeg 2 Prepare varlable costlng Income statements for July and August. 3. Reconclle the varlable costlng and absorptlon costlng net operatlng Incomes.