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Absorption costing concept Please help Rhys Company Income Statement - Absorption Costing For the Month Ended July 31, 2016 Sales (97.000 units) $4.389 250.00 Cost

Absorption costing concept Please help

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Rhys Company Income Statement - Absorption Costing For the Month Ended July 31, 2016 Sales (97.000 units) $4.389 250.00 Cost of goods sold: Cost of goods manufactured $3.159.000.00 Less ending inventory (20,000 units) 540,000.00 Cost of goods sold 2.619,000.00 Gross profit $1,770 250 00 Selling and administrative expenses 281,000.00 Income from operations $1,489 250.00 Required: Al Prepare a variable costing Income statement, assuming that the fixed manufacturing costs were $140 400 and the variable selling and Soministration expenses were $110 400. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices fortext entries. "Less"or "Plus" and colons will automatically appear in It is required. In your computations, round unit costs to two decimal places and round final answers to the nearest collar. B. Reconcile the absorption costing income from operations of $1 480 250 with the variable costing income from operations determined In (A)

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