2. Contribution margin, 5666,000 PR 21-1B Absorption and variable costing income statements Obj 12 During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat pand televisions, of which 2,000 were sold. Operating data for the month are summarized as follows Sales $2,150.000 Manufacturing costs: Direct materials. $960,000 Direct labor 420,000 Variable manufacturing cost 156,000 Fixed manufacturing cost 288,000 Selling and administrative expenses: Variable $204,000 Fixed SHOW ME HOW 1824.00 30.000 96,000 Chapter 21 Variable Costing for Management Analysis 1089 Instructions 1. Prepare an income statement based on the absorption costing concept. 2. Prepare an income statement based on the variable costing concept. 3. Explain the reason for the difference in the amount of operating income reported in (1) and (2)