work View Com aps History Bookmarks Profiles Tab Window Help 5046 Close Wine g sta in exp Print 1. PR GO (Algorithmic) Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc. manufactured 12,400 flat panel televisions, of which 11,700 were sold. Operating data for the month are summarized as follows: Sales $2,047,500 wit w Manufacturing costs: Direct materials $1,016,800 ubmit Direct labor ET NO Variable manufacturing cost 310,000 260,400 se ans Fixed manufacturing cost Selling and administrative expenses: Variable Fixed 136,400 1,723,600 $163,800 75,300 239,100 Wh f Required: 1. Prepare an income statement based on the absorption costing concept. YoSan Inc. Absorption Costing Income Statement Cancel Done JUN 26 tv A work View History Bookmarks Profiles Tab Window Help a asmina com Maps Jignmany gg st al an exp w it w submit GET NO se ans 1. Prepare an income statement based on the absorption costing concept. YoSan Inc. Absorption Costing Income Statement For the Month Ended July 31 Cost of goods sold: I Wh fi 2. Prepare an income statement based on the variable costing concept. YoSan Inc. Variable Costing Income Statement For the Month Ended July 31 Variable cost of goods sold: JUN 973741 Close Wa Cancel Done 26 atv mework g.com Maps Cenga egg ost a et an exp How it w 2. Prepare an income statement based on the variable costing concept. YoSan Inc. Variable Costing Income Statement For the Month Ended July 31 Variable cost of goods sold: I Submit GET NO Use ans Fixed costs: 1. Wh fi Cancel Don JUN 26 tv A a exp Variable cost of goods sold: it w Fixed costs: Omnit T NO e ans I Learning 5846 Wh 3. Explain the reason for the difference in the amount of operating income reported in (1) and (2). The operating income reported under I costing, due to costing. costing exceeds the operating income reported under manufacturing costs that are deferred to a future month under Cancel JUN E 26 tv A Done