lem Set: Module 6 Income Statements under Absorption C 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 month. The following data summarize the results for March: Sales (15,000 units) $1,950,000 Production costs (19,000 units): Direct materials $913,900 Direct labor 438,900 Variable factory overhead 218,500 Fixed factory overhead 146,300 1,717,600 Selling and administrative expenses: Variable selling and administrative expenses $266,200 Fixed selling and administrative expenses 103,100 369,300 If required, round interim per-unit calculations to the nearest cent. a. Prepare an income statement according to the absorption costing concept. Crazy Mountain Sports Inc. Absorption Costing Income Statement For the Month Ended March 31 Line Item Description Amount Prepare an income statement according to the variable costing concept. Crazy Mountain Sports Inc. Variable Costing Income Statement For the Month Ended March 31 ina Ttam Deccrintion Amount Amount