gnment/take Assignment Main.do?invokerStake AssignmentSession locator=inprogress=false Income Statements under Absorption and Variable Casting Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August Sales (11,500 units) $1.495.000 Production costs (15,000 units): Direct materials $721,500 Direct labor 346,500 Variable factory overhead 172.500 Fixed factory overhead 115,500 1,356,000 Selling and administrative expenses: Variable selling and administrative expenses $210,200 31.400 Med sing and administrative expenses 201,600 required found interim per unit calculations to the nearest cent a. Prepare an income statement according to the absorption costing concet Shawn Motors Inc Absorption Cance Statement For the Month Ended August 11 b. Prepare an income statement according to the variable conting concept Variable Costing Income Statement for the Month Ended August 31 If required, round interim per-unit calculations to the nearest cent. a. Prepare an income statement according to the absorption costing concept. Shawnee Motors Inc. Absorption Costing Income Statement For the Month Ended August 31 ) b. Prepare an income statement according to the variable costing concept. Shawnee Motors Inc. Variable Costing Income Statement For the Month Ended August 31 mm Foxed costs: 0 C. What is the reason for the difference in the amount of income from operations reported in (a) and (b)? Under the method, the fixed manufacturing cost included in the cost of goods sold is matched with the re regardless of the amount of inventory change. Thus, when inventory increases, the income statement will the with the Under the regardless of e to the ma in conted the cost of v ery change thus, when try increase the what CH