CengageNOWV2 | Online teaching and learning resource from Cengage Learning C Variable Costing Income Statement for a Servi... | C Show Me How Office 365 Income Statements under Absorption Costing and Variable Costing Crazy Mountain Sports Inc. assembles and sells snowmobile engines. The company began operations on March 1 and operated at 100% of capacity during the first The following data summarize the results for March: Managerial... eBook Sales (3,500 units) $2,100,000 Production costs (4,000 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Selling and administrative expenses: Variable selling and administrative expenses Fixed selling and administrative expenses $1,032,000 443,600 72,400 113,600 1,661,600 $51,500 21,600 If required, round interim per-unit calculations to the nearest cent. 73,100 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions belo X Open spreadsheet a. Prepare an income statement according to the absorption costing concept. Crazy Mountain Sports Inc. Absorption Costing Income Statement For the Month Ended July 31 Sales Check My Work a % 85 54 # 3 E R T 2,680,000 X All work saved. MacBook Pro & 7 29 9 61 B B N M K ) Previous Next Save and Exit Submit Assignment for Grading O O V L P V 21 ?