Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials $4 Direct labor 10 Variable manufacturing overhead 3 Variab selling and administrative 2 Total variable cost per unit $ 19 Fixed costs per month: Fixed manufacturing overhead $ 90,000 Fixed selling and administrative 169,000 Total fixed cost per month $ 259,000 The product sells for $55 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced Units Sold July 18,000 14,000 August 18,000 22,000 The company's Accounting Department prepared the following absorption costing income statements for July and August: July August Sales $ 770,000 $1,210,000 Cost of goods sold 308,000 484,000 Gross margin 462,000 726,000 Selling and administrative expenses 197,000 213,000 Net operating income $ 265,000 $ 513,000 Required: Determine the unit product cost under: Absorption costing. Variable costing. Prepare variable costing income statements for July and August. Reconcile the variable costing and absorption costing net operating incomes.

The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $85, 160 1,600 Units May 89,064 2,240 Units June 95, 225 3,250 Units (a) Using the high - low method, determine the variable cost per unit. Round your answers to two decimal places. $ fill in the blank 1 per unit (b) Using the high-low method, determine total fixed costs. $ fill in the blank 2

During the first month of operations ended July 31, Head Gear Inc. manufactured 25,600 hats, of which 24,100 were sold. Operating data for the month are summarized as follows: Line Item Description Amount Amount Sales   $226,540 Manufacturing costs:         Direct materials $138,240       Direct labor 35,840       Variable manufacturing cost 17,920       Fixed manufacturing cost 15,360 207,360 Selling and administrative expenses:         Variable $12,050       Fixed 8,800 20,850 During August, Head Gear Inc. manufactured 22,600 hats and sold 24,100 hats. Operating data for August are summarized as follows: Line Item Description Amount Amount Sales   $226,540 Manufacturing costs:         Direct materials $122,040       Direct labor 31,640       Variable manufacturing cost 15,820       Fixed manufacturing cost 15,360 184,860 Selling and administrative expenses:         Variable $12,050       Fixed 8,800 20,850 Required: Question…

Lindquist Company has the following information for February: Line Item Description Amount Sales $370,000 Variable cost of goods sold 173,900 Fixed manufacturing costs 55,500 Variable selling and administrative expenses 40,700 Fixed selling and administrative expenses 22,200 Determine the following for Lindquist Company for the month of February: Line Item Description Amount a.  Manufacturing margin $fill in the blank 1 b.  Contribution margin $fill in the blank 2 c.  Operating income $fill in the blank 3