Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc. manufactured 12,200 flat panel televisions, of which 11,300 were sold. Operating data for the month are summarized as follows: Sales Manufacturing costs: $1,582,000 Direct materials $805,200 Direct labor 244,000 Variable manufacturing cost 207,400 Fixed manufacturing cost Selling and administrative expenses: Variable 97,600 1,354,200 $124,300 Fixed Required: 57,200 181,500