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Income Statements underAbsorptionandVariable Costing Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity

Income Statements underAbsorptionandVariable Costing

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 (10,500 units)$1,470,000

Production costs (14,000 units):

Direct materials$725,200

Direct labor348,600

Variable factory overhead173,600

Fixed factory overhead116,200

1,363,600

Selling and administrative expenses:Variable selling and administrative expenses$211,400Fixed selling and administrative expenses81,800293,200

If required, round interim per-unit calculations to the nearest cent.

I need the answers for a income statement according to the absorption costing concept and make a variable costing income statement

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