(Click the icon to view the data.) Read the requirements. Requirement 1. Prepare both conventional (absorption costing) and contritution margin (variable costing) income statements for Shady for the year, Begin with the income statement. Data table Now let's prepare the contrbution margin (variable costing) income sta the requirements. Data table Requirement 2. Which statement shows the higher operating income? Wh Absorption costing operating income is variable costing oper delers $ of fixed manufacturing overhead as an asset in endi Variable costing expenses \$ costs during the year, so variable costing operating income is 5 than absorption costing income the yeaf