Arcade Away manufactures video games that it sells for $41 each. The company uses a fixed manufacturing overhead allocation rate of $5 per game. Assume all costs and production levels are exactly as planned. The following data are from Arcade Away's first two months in business during 2018 EEB (Click the icon to view the data.) Read the requirements. Requirement 1. Compute the product cost per game produced under absorption costing and under variable costing October 2018 November 2018 Absorption Variable Absorption Variable costing costing costing costing Total product cost per game 16 $ 16 $ Requirement 2a. Prepare monthly income statements for October and November, including columns for each month and a total column, using absorption costing. Arcade Away Absorption Costing Income Statement Total 192,700 75,200 117,500 33,100 hoose from any list or enter any number in the input fields and then click Check Answer Net Sales Revenue Cost of Goods Sold Gross Profit Sellina and Administrative Costs 18 November 2018 69,700 $ 27,200 42,500 14,600 123,000 $ 48,000 75,000 18,500