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Wu Wante costing income statements for two months and analysis trivstructions Labels and Amount Description Absorption Costing Income Statement-Atay Instructions During the first month of operation ended May 31, Big Sky Cestom Company produced 40.000 design comboy boot what we wok Corea summazed as follows SLO 1. Sales 1 Manufacturing Det SMODO Duet lobor 120.000 Fundacting eBook Show Me How Absorption and variable costing income statements for two months and analysis instructions Labels and Amount Descriptions Absorption Costing Income Stater Instructions 2,000,000.00 5 4 Direct labor Variable manufacturing cost 6 Fixed manufacturing cost ? Selling and administrative expenses: Variable 520,000.00 120,000.00 3,600,000.00 3 $72,000.00 9 Fixed 80,000.00 152,000.00 During June, Big Sky Creations produced 32,000 designer cowboy boots and sold 36,000 cowboy boots. Operati Instructions During June, Big Sky Creations produced 32,000 designer cowboy boots and sold 36,000 cowboy boots Operating data for June are summarized as follows 1 Sales $4.500,000.00 2 Manufacturing costs: Direct materials 3 $7,680,000.00 1,600,000.00 416,000.00 4 5 Direct labor Variable manufacturing cost Fixed manufacturing cost 120.000.00 2.904000.00 6 structions 120,000.00 2,904,000.00 6 Fixed manufacturing cost 7 Selling and administrative expenses: 8 Variable $72,000.00 9 Fixed 80,000.00 152,000.00 Required: 1. Using the absorption costing concept, prepare income statements for (a) May and (b) June 2. Using the variable costing concept, prepare income statements for (a) May and (b) June 3a. Explain the reason for the differences in operating income in (1) and (2) for May 3b Explain the reason for the differences in operating income in (1) and (2) for June Required: 1 Using the absorption costing concept prepare income statements for (n) May and (b) June 2. Using the variable costing concept prepare come statements for (a) May and (b) Ane 3a Explain the reason for the differences in operating income in t) and() for May 3b Explain the reason for the differences in operating income in (1) and (2) for June 4. Based on your answers to (1) and (2), did Big Sky Creations Company operate more probably in May or none? Explan "Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions provided for the exact worting of the answer choices for text entries Acolon) will automatically appear is required Enteropostivumbers the amount a calculation that results in a negative amount. For example Netloss should be negative