On June 30, the end of the first month of operations, Haman Company prepared the following income statement, based on the absorption costing concept:

If the fixed manufacturing costs were $ 75,600 and the variable selling and administrative expenses were $ 68,400 prepare an income statement according to the variable costingconcept.

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Haman Company Absorption Costing Income Statement For the Month Ended June 30, 2015 $1209,600 Cost of goods sold: $1,008,000 144000 864,000 345,600 123 120 222,480 Gross proft.