Home Chegg.com Show Ma Absorption and Variable Costing Income Stabements for Two Months and Analysis During the first month of operations ended July 31, Head Gear Inc. manufactured 28,600 hats, of which 26,900 were sold. Operating data for the month are summartzed as ales $258,240 Manufacturing costs Direct materials $157,300 Vaniable manufacturing cost Fixed manufacturing co 0,020 17,160 234,520 Selling and administrantive expenses: $13,450 9.820 2120 During August, Head Gear Inc. manulactured 23,200 designer hats and soid 26,900 hats. Operating data for August are summarined as follows: 135,600 35,280 17,640 17,160 208,680 vanable manufacturing cost Fixed manufacturing cost Selling and administrative expenses 20