2. Prepare an income statement based on the variable 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). The operating income reported under costing exceeds the operating income reported under costing, due to manufacturing costs that are deferred to a future month under costing. 2 more Check My Work uses remanng Abrorption and Varibble Couting Income Statements During the first month of operations ended July 3t, Yosan the, manufactuted 12,500 flat pacei televisions, of which 11,800 were sold, Operating data for the month are summarized as follows: 1. Prepare an income statement based an the absorption costing concept. 2 more Check My Work uses temaining