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During the hist month of operations onded Sulv 31. osantne, manufactured 9,400 lat panel televisions of win 2,000 were sold Operating data for the month are smarted as follow 11408.000 Manufacturing costs Direct materials $705,000 Direct labor 205.000 Vintable manufacturing cost 170.600 Fixed manufacturing out 94,000 1,154,400 Sering and administrative expenses Varbie $114.400 Fixed 167,000 52.600 Required 1. Prepare come statement based on the absorption costing concert Yosan Inc. Absorption Costing Income Statement For the Month Ended 21 Cost of oos sold Duning the first month of operations ended July 31. Yosan Incmanufactured 9.400 flot panel televisions, of which 8.000 were sold Operating data for the month are sumed as follow $1,400,000 Sales Manufacturing costs Direct materiais Direct labor Variable manufacturing cost Hand manufacturing cost Selling and administrative expenses Vanable Fixed $705,000 205,000 178,600 94,000 1,104 400 $114,400 57,600 167.000 Hered 1. Prepare an incont based on the absorption costing conce Yosan Inc Absorption Costing Income Statement For the Month Ended, y Cost of goods sold 2. Prepare an income statement based on the variable costing con Yosan Inc. Variable Costing Income Statement For the Month Ended July 31 Variable cou of goods Foto To 3. Diether for the trence in the amount of operating in comported in ( 12) The operating in reported costing extends the operating income riported under to the order costing costing, due to aufacturing costs that are deterre

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