Income Staternents under Absorption Costing and Variatile Costing Gatlatin County Motors Inci assembles and sefis snowmobile engines. The company began operations on J luly I and operated at 100 af capeoty during the firat month. The following data summarize the results for Jaly: a. Prepare an income statement according to the absorption costing concept. b. Prepare an income statement according to the variable costing concept. Feedback Check My Work b. Under variable costing, the cost of goods manufactured includes only variable mant