prepare an income statement based on the absorption costin concept and prepare an income statement based on the variable costing concept

Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc, manufactured 10,600 flat panel televisions, of which 10,000 were sold Operating date for the month are summarized as follows: Sales $1,250,000 Manufacturing costs Direct materials 5625,400 Direct labor 190,800 Variable manufacturing cost 159,000 Fixed manufacturing cost 84,800 1,060,000 Selling and administrative expenses: $100,000 Fixed 46,000 146,000 Variable