Convert variable to absorption The April income statement for Fabio's Fashions has just been received by Diana Caffrey, Vice President of Marketing. The firm uses a variable costing system for internal reporting purposes Fabio's Fashions Income Statement For the Month Endel April 30 Seles Products Manufacturing (bug and actual $4,500,000 Selling and i $14,400.000 7.200.000 $7200.000 2.400.000 900.000 $300,000 The following notes were attached to the statement: Unit sales price for April averaged $144 Unit manufacturing costs for the months were The predetermine FOH rate was based on normal monthly production of 150,000 units. April production was 7,500 units in excess of sales April ending invento consisted of 12.000 units Caffrey not familiar with variable costing 1. Recast the April income statement on an absorption costing baus Note: Do not negative signs with your awers belo