During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured...

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Accounting

During the first month of operations ended August 31, Kodiak
Fridgeration Company manufactured 48,000 mini refrigerators, of
which 44,000 were sold. Operating data for the month are summarized
as follows:1Sales$8,800,000.002Manufacturing costs:3Direct materials$3,360,000.004Direct labor1,344,000.005Variable manufacturing cost816,000.006Fixed manufacturing cost528,000.006,048,000.007Selling and administrative expenses:8Variable$528,000.009Fixed352,000.00880,000.001. Prepare an income statement based on the absorption costing
concept. Be sure to complete the statement heading. Refer to the
list of Labels and Amount Descriptions provided for the exact
wording of the answer choices for text entries. A colon (:) will
automatically appear if it is required. Enter amounts as positive
numbers unless the amount is a calculation that results in a
negative amount. For example: Net loss should be negative.Kodiak Fridgeration CompanyAbsorption Costing Income Statement12345678Prepare an income statement based on the variable costing
concept. Be sure to complete the statement heading. Refer to the
list of Labels and Amount Descriptions provided for the exact
wording of the answer choices for text entries. A colon (:) will
automatically appear if it is required. Enter amounts as positive
numbers unless the amount is a calculation that results in a
negative amount. For example: Net loss should be negative.Kodiak Fridgeration CompanyVariable Costing Income Statement12345678910111213

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