Instructions Shawn Motors Inc. assembles and sells snowmobile engines. The company began operations on August 1 and operated of 100% of capacity during the first month. The following data summarize the results for August: $750.00000 1 Sales (31,000 units) Production costs (38,000 units Direct materials $3,040,000.00 Direct labor 1.710,000.00 950000.00 570,000.00 6,270,000.00 Variable factory overhead Fixed factory overhead Selling and administrative expenses: Variable selling and administrative expenses Faxed selling and administrative expenses $1,120,000.00 20000000 132000000 Required: 6. Prepare an income statement according to the absorption costing concept." b. Prepare an income statement according to the variable costing concept What is the reason for the difference in the amount of income from operations reported in (a) and *Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for rent entries. Be sure to complete the element heading Acolon) will automatically appear it is required Enteral amounts as positive numbers Check My Work All work saved. Assignment Score: 86.16%