Absorption and variable Costing Income Statements During the first month of operations ended July 31, YoSon Inc, manufactured 10,800 That ponel televisions, of which 10,200 were sola, Operating data for the month are summarized as follows: Sales $1,275,000 Manufacturing costs: Direct materials 5637,200 Direct labor 194,400 Variable manufacturing cost 162,000 Fixed manufacturing cost 36,400 1,000,000 Selling and administrative expenses Variable $102,000 Fixed 46.900 148,900 Required: 1. Prepare an intent based on the absorption costing concept Yosan Inc Absorption Costing Income Statement For the Month Ended July 31 Cost of goods > Print Item 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: Fixed costs: coineNeomantan For the Month Ended July 31 Variable cost of goods sold: Fixed costs: costing, due to 3. Explain the reason for the difference in the amount of operating income reported in (2) and (2) The operating income reported under costing exceeds the operating income reported under manufacturing costs that are deferred to a future month under costing