ACCO3520-3004 4CC - JUNIO AGOSTO - 2023 TAREA 4.2 PR 21-1B Absorption and variable costing income statements During the first month of operations ended July 31, Yosan Inc. manufactured 2,400 flat panel televisions, of which 1,800 were sold. Operating data for the month are summarized as follows: Sales Instructions: $1,935,00 Manufacturing costs: Direct materials $960,000 Direct labor 420,000 Variable manufacturing cost 156,000 Fixed manufacturing costs 288,000 1,824,000 Selling and administrative costs Variable Fixed $204,000 96,000 300,000 1. Prepare an income statement based on the absorption costing concept. 2. Prepare an income statement based on the variable costing concept. 3. Explain the reason for the difference in the amount of operating income reported.