Mahugh Corporation, which has only one product, has provided the following data concerning its most recent month of operations 206 elling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs Fixed manufacturing overhead Fixed seling and administrative 3.330 2.830 500 47 S 128,540 11.320 d. Prepare an income statement for the month using absorption costing MAHUGH CORPORATION Income Statement 0 Selling and administrative expenses: 0 e. Reconcile the variable costing and absorption costing net operating incomes for the month Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net income Absorption costing net operating income