Crazy Mountain Sports inc. assembles and sells snownobile engines. The company began operations on March 1 and operated at 100\% of capacly during the first month. The following data summarize the results for March: Required: * Propare an income statement according to the absorption costing concept. "Prepare an income statement according to the variable costing concept. * What is the reason for the diflerence in the amount of Operating income reported in (a) and (b)