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Kissimmee Paint Co. reported the following data for the month of July. There were no beginning inventories and all units were completed (no work in

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Kissimmee Paint Co. reported the following data for the month of July. There were no beginning inventories and all units were completed (no work in process). Selling and administrative expenses: Variable $2 per unit sold Fixed $39,000 In the month of July, 28,000 of the 30,000 seats manufactured were sold at a price of $80 per unit. (a) Prepare a variable costing income statement. (b) Prepare an absorption costing income statement. (c) Briefly explain why there is a difference in income from operation between the two methods

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