Labels and descriptions included

During the first month of operations ended March 31, icoBox. Fridgeration Compary manulactured 165,000 mini retrigorators, of which 150,000 wore solf. Operating data for the month are summarized as follows: Labels March 31 Cost of goods sold Fixed costs For the Month Ended March 31 Variable cost of goods sold Amount Descriptions Contribution margin Contribution margin ratio Cost of goods manufactured Fixed manufacturing costs Fixed selling and administrative expenses Gross profit Operating income Inventory, March 31 Loss from operations Operating income Inventory, March 31 Loss from operations Manufacturing margin Planned contribution margin Sales Sales mix Selling and administrative e) Annes Total cost of goods sold Total fixed costs Total variable cost of goods sold Variable cost of goods manufactured Variable selling and administrative expenses 1. Prepare an income statement based on the absorption costing concept. Income Statement Instructions 2. Prepare an income statement based on the variable costing concept. Income Statement Instructions