Onlir X u ntitled Basic Electrical Terms X D Buy NFPA 70 Nation. Ma (2019) Aldan Assignment/take Assignment Main.do?invoker assignments&takeAssignmentSessionLocator assignment-take&inprogress=false eBook Show Me How Calculator Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% of capacity du. first month. The following data summarize the results for July: Sales (4,000 units) $2,600,000 Production costs (4,350 units): Direct materials $1,218,000 Direct labor 522,000 Variable factory overhead 87,000 Fixed factory overhead 130,500 1,957,500 Selling and administrative expenses: Variable selling and administrative expenses Fixed selling and administrative expenses $60,000 25,000 85,000 a. Prepare an income statement according to the absorption costing concept. Gallatin County Motors Inc. Absorption Costing Income Statement For the Month Ended July 31 Onlir X u ntitled Basic Electrical Terms X D Buy NFPA 70 Nation. Ma (2019) Aldan Assignment/take Assignment Main.do?invoker assignments&takeAssignmentSessionLocator assignment-take&inprogress=false eBook Show Me How Calculator Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% of capacity du. first month. The following data summarize the results for July: Sales (4,000 units) $2,600,000 Production costs (4,350 units): Direct materials $1,218,000 Direct labor 522,000 Variable factory overhead 87,000 Fixed factory overhead 130,500 1,957,500 Selling and administrative expenses: Variable selling and administrative expenses Fixed selling and administrative expenses $60,000 25,000 85,000 a. Prepare an income statement according to the absorption costing concept. Gallatin County Motors Inc. Absorption Costing Income Statement For the Month Ended July 31