During the first month of operations ended July 31 , YoSan inc manufactured 9,800 flat panel televisions, of which 9,100 were sold. Operating data for the month are summarized as follows: 1. Prepare an income statement based on the absorption costing concept. YoSan Inc. 2. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the variable costing concept. YoSan Inc. Variable Costing Income Statement 3. Explain the reason for the difference in the amount of operating income reported in (1) and (2). The operating income reported under costing exceeds the operating income reported 3. Explain the reason for the difference in the amount of operating income reported in (1) and (2). The operating income reported under costing exceeds the aperiting incorve reported under manufacturing costs that are deferred to a future manth under costing. costing, duet