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heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewc i Saved 9 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 $ 20 $ 120,000 172,000 $ 292,000 The product sells for $48 per unit. Production and sales data for July and August, the first two months of operations, follow: July August Units Produced 30,000 30,000 Units Sold 26,000 34.000 The company's Accounting Department has prepared the following absorption costing income statements for July and August Sales Cost of goods sold Gross margin Belling and administrative expenses tiet operating income July $1,240,000 546,000 702,000 250.000 $ 452.000 August $1,632,000 714,000 918.000 274,000 644,000 Required: 1. Determine the unit product cost under 1. 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. heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewc i Saved 9 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 $ 20 $ 120,000 172,000 $ 292,000 The product sells for $48 per unit. Production and sales data for July and August, the first two months of operations, follow: July August Units Produced 30,000 30,000 Units Sold 26,000 34.000 The company's Accounting Department has prepared the following absorption costing income statements for July and August Sales Cost of goods sold Gross margin Belling and administrative expenses tiet operating income July $1,240,000 546,000 702,000 250.000 $ 452.000 August $1,632,000 714,000 918.000 274,000 644,000 Required: 1. Determine the unit product cost under 1. 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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