Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% of capacity during the first month. The following data summarize the results for July:

If required, round interim per-unit calculations to the nearest cent. a. Prepare an income statement according to the absorption costing concept Prepare an income statement according to the variable costing conce Gallatin County Motors Inc. Variable Costing Income Statement Sales (13,500 units) $1,755,000 Production costs ( 17,000 units): DirectmaterialsDirectlaborVariablefactoryoverheadFixedfactoryoverhead$817,700392,700195,500130,9001,536,800 Selling and administrative expenses: Variable selling and administrative expenses $238,200 Fixed selling and administrative expenses 92,200 330,400