During the first month of operations ended July 3 1 , YoSan Inc manufactured 1 1 , 4 0 0 flat panel televisions, of which 1 0 , 6 0 0 were sold Operating data for the month are summarized as follows Line Item DescriptionAmountAmountSales$ 1 , 6 9 6 , 0 0 0 Manufacturing costs Direct materials$ 8 5 5 , 0 0 0 Direct labor 2 5 0 , 8 0 0 Variable manufacturing cost 2 1 6 , 6 0 0 Fixed manufacturing cost 1 1 4 , 0 0 0 1 , 4 3 6 , 4 0 0 Selling and administrative expenses Variable$ 1 3 7 , 8 0 0 Fixed 6 3 , 4 0 0 2 0 1 , 2 0 0 Required Question Content Area 1 Prepare an income statement based on the absorption costing concept YoSan Inc Absorption Costing Income StatementFor the Month Ended July 3 1 Line Item DescriptionAmountAmount$ Select Cost of goods sold $ Select Select Select $ Select Select $ Select Question Content Area 2 Prepare an income statement based on the variable costing concept YoSan Inc Variable Costing Income StatementFor the Month Ended July 3 1 Line Item DescriptionAmountAmount$ Select Variable cost of goods sold $ Select Select Select $ Select Select $ Select Fixed costs $ Select Select blankblank Select $ Select Question Content Area 3 Explain the reason for the difference in the amount of operating income reported in ( 1 ) and ( 2 ) The operating income reported under fill in the blank 1 of 4 costing exceeds the operating income reported under fill in the blank 2 of 4 costing, due to fill in the blank 3 of 4 manufacturing costs that are deferred to a future month under fill in the blank 4 of 4 costing

Question

During the first month of operations ended July 3 1 , YoSan Inc  manufactured 1 1 , 4 0 0 flat panel televisions, of which 1 0 , 6 0 0 were sold  Operating data for the month are summarized as follows Line Item DescriptionAmountAmountSales$ 1 , 6 9 6 , 0 0 0 Manufacturing costs  Direct materials$ 8 5 5 , 0 0 0 Direct labor 2 5 0 , 8 0 0 Variable manufacturing cost 2 1 6 , 6 0 0 Fixed manufacturing cost 1 1 4 , 0 0 0 1 , 4 3 6 , 4 0 0 Selling and administrative expenses  Variable$ 1 3 7 , 8 0 0 Fixed 6 3 , 4 0 0 2 0 1 , 2 0 0 Required Question Content Area 1   Prepare an income statement based on the absorption costing concept YoSan Inc Absorption Costing Income StatementFor the Month Ended July 3 1 Line Item DescriptionAmountAmount$   Select   Cost of goods sold $   Select     Select     Select   $   Select     Select   $   Select   Question Content Area 2   Prepare an income statement based on the variable costing concept YoSan Inc Variable Costing Income StatementFor the Month Ended July 3 1 Line Item DescriptionAmountAmount$   Select   Variable cost of goods sold $   Select     Select     Select   $   Select     Select   $   Select   Fixed costs $   Select     Select   blankblank   Select   $   Select   Question Content Area 3   Explain the reason for the difference in the amount of operating income reported in ( 1 ) and ( 2 )   The operating income reported under fill in the blank 1 of 4 costing exceeds the operating income reported under fill in the blank 2 of 4 costing, due to fill in the blank 3 of 4 manufacturing costs that are deferred to a future month under fill in the blank 4 of 4 costing

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During the first month of operations ended July 3 1 , YoSan Inc. manufactured 1 1 , 4 0 0 flat panel televisions, of which

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