Absorption Costing incorte Statement On June 30 , the end of the first month of operations, Tudor Manufacturing Co. prepared the following income statement, based on the variable costing cancept a. Prepare an absorption costing income stotement. In your computations, round unit costs to two decimal piaces and round final answers to the nearest dollar. nearest dollar. b. Reconcile the variable costing inceme from operations of $158,500 with the absorption colting income from operations determined in (a): Reconciliation of Variable and Absorption Costing Income