Aherpobon and Variable Costing Income Statemyets for Two Motthe and Analyds During the ficit inoeth of apecations ended July 31, tesd cine tho manifactured 24,800 lats. of which 23,200 were sold. operating data (or the moeth we summarked as fallowse Durino Abougt, send Gear inc, mandsctured 21.800 hath and sold 23,700 hats. Oventing data for Auoust are fummaried as follows: 1a. Prepare income satement for July using the abeorption costing concept 1b. Prepare income statement for August using the absorption costing concept. 2a. Pregare inciene statempnt for July using the varlater couting conorot: 2h. Prepars income statrmert for August anlng the variatie costino, cnnsept tiead Gear inc. Variable Costing Incime statement Fer the Menth inied Anaust 31 During the first month of operations ended July J1, Head Gerar inc. nanufactured 24,800 hatw, of which 23,300 were seld, operating fata for the month are summarized as fellows. Estare During Auguat, Hiad Gear inc maruhactured 21, B00 hats and iold 23,300 hats. Operating data for Aigart are summartzod as fallows: 1a. Brebere inceme statement for Julv ining the absorbtion cobting cercerpt. uring Aupust, Head Gear Inc. manufactured 21,800 hats and sold 23,300 hats. Operating data for August are summarized as follow5: 1a. Prepare income statement for July using the absorption costing concept. 1a. Prepare income statement for July using the absorption costing concept. F Ereis in wes 2a. Presare incones stafernent for July ssind the variatle costing concept. 26. Prepare income statement for August using the variable costing concect