costing income statements Instructions Labels and Amount Descriptions Absorption Costing Income Statement Instructions During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 44,000 mini refrigerators, of which 39,000 were sold. Operating data for the month are summarized as follows: Sales 1 Manufacturing costs: Direct materials $7,020,000.00 $3,080,000.00 4 Direct labor 1,056,000.00 3 Variable manufacturing cost 880,000.00 Fixed manufacturing cost 616,000.00 5,632,000.00 Selling and administrative expenses: . Variable $663,000.00 Fixed 273,000.00 936,000.00