Question: Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc. manufactured 9,000 flat panel televisions, of which 8,300

operations ended July 31, YoSan Inc. manufactured 9,000 flat panel televisions, of

which 8,300 were sold. Operating data for the month are summarized as

Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc. manufactured 9,000 flat panel televisions, of which 8,300 were sold. Operating data for the month are summarized as follows: 1. Prepare an income statement based on the absorption costing concept. 1. Prepare an income statement based on the absorption costing concept. 2. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the variable costing concept

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