Question: please answer 1-3 Chapter 6 - GHA #40 Saved Help 1 Denton Company manufactures and sells a single product. Cost data for the product are

please answer 1-3 please answer 1-3 Chapter 6 - GHA #40 Saved Help 1 Denton

Chapter 6 - GHA #40 Saved Help 1 Denton Company manufactures and sells a single product. Cost data for the product are given: 10 10 points Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Pixed costs per month: Pixed manufacturing overhead Fixed selling and administrative Total fixed cost per month $ 21 eBook $ 108,000 163,000 $ 271,000 References The product sells for $45 per unit. Production and sales data for July and August, the first two months of operations, follow. Unita Units Produced Sold July 18,000 14,000 August 18,000 22,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August July August Sales $ 630,000 $ 990,000 Cost of goods sold 336,000 528,000 Gross margin 294,000 462,000 Selling and administrative expenses 205,000 229,000 Net operating income $ 89,000 $ 233,000 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

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