Absorption and Variable Costing Income Statements During the first month of operations ended July 31, Yosan Inc. manufactured 12,400 flat panel televisions, of which 11,400 were sold. Operating data for the month are summarized as follows: Sales $2,052,000 Manufacturing costs: Direct materials $1,054,000 Direct labor 310,000 Variable manufacturing cost 272,800 Fixed manufacturing cost 136,400 1,773,200 Selling and administrative expenses: Variable $159,600 Fixed 73,400 233,000 Required: 1. Prepare an income statement based on the absorption costing concept. YoSan Inc Absorption Costing Income Statement For the Month Ended July 31 Cost of goods soldi PUS 1. Prepare an income statement based on the absorption costing concept. YoSan Inc. Absorption Costing Income Statement For the Month Ended July 31 Cost of goods sold: 2. Prepare an income statement based on the vanable costing concept, YoSan Inc. Variable Costing Income Statement For the Month Ended July 31 Variable cost of goods sold: 2. Prepare an income statement based on the variable costing concept. YoSan Inc. Variable Costing Income Statement For the Month Ended July 31 Variable cost of goods sold: Fixed costs: 3. The income from operations reported under costing exceeds the income from operations reported under 2. Prepare an income statement based on the variable costing concept. YoSan Inc. Variable Costing Income Statement For the Month Ended July 31 Variable cost of goods sold: Fixed costs 10 3. The income from operation reported under costing code the income from on reported under between the two, due to manufacturing costs that are deferred to oth under coating by the end costing