a. Prepare income statements for each month in 2021 using variable costing. b. Prepare income statements for each month in 2021 using absorption costing. c. Explain the differences in the operating incomes obtained in requirements 1 and 2 for FEBRUARY only!

January 2,300 units 880 units $520 per unit February 570 units 1990 units March 1400 units 880 units $520 per unit $520 per unit Production Sales Selling Price Fixed Costs (per month): Manufacturing Administrative Marketing $45,000 $21,750 $49,950 Edu KB Company manufacturers a high-quality printer and began operations in January 2021. For 2021, the company budgeted to produce and sell 3,000 units for each month. The company had no price, spending, or efficiency variances and wrote off production-volume variance to cost of goods sold. Actual data for 2021 are given above and there was no inventory in the beginning of January. The variable costs incurred are given (per month): Direct labor $51 per unit produced Direct materials $33 per unit produced MOH $75 per unit produced Required: a. Prepare income statements for each month in 2021 using variable costing. b. Prepare income statements for each month in 2021 using absorption costing. c. Explain the differences in the operating incomes obtained in requirements 1 and 2 for FEBRUARY only