Instructions During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 50,000 mini retrigerators, of which 44.000 were sold. Operating data for the month are summarized as follows 1 Sales $9.240,000.00 Manufacturing costs Direct materials $3,500,000.00 1.200,000.00 Direct labor 350,000.00 Variable manufacturing cost Fixed manufacturing cost Selling and administrative expenses 600,000.00 6,150,000.00 Variable $572,000.00 352.000.00 Fixed 924.000.00 Instructions Labels and Amount Descriptions Absorption Costing Income Statement Instructions Absorption Costing Income Statement Kodiak Fridgeration Company Absorption Costing Income Statement (Label 1 2 Label) Labels and Amount Descriptions Cost of goods sold Fored costs For the Month Ended August 31 Variable cost of goods sold Amount Descriptions Contribution margin Contribution margin ratio Cost of goods manufactured Fred manufacturing costs Fixed selling and administrative expenses Gross profit Operating income Inventory, August 31 Loss from operations Manutacturing margin 4 5 6 2 Absorption and variable costing Income statements Instructions Labels and Amount Descriptions Absorption Costing Income Statement Instructions Labels and Amount Descriptions Variable Costing Income Statement Kodiak Hogeraton Company Variable Costing Income Statement (Label) 1 1 Label 1 + 5 6 7 3 bel 33