on your way to a meeting with the board of directors, your assistant provides you with last month's income statements. one based on the variable costing method and one based on the absorption costing method. Unfortunately, your assistant, who is new, has used absorption costing terminology for both income statements Income Statement 1 Income Statement 2 Sales Cost of goods sold Other expenses $8,640 $8,640 $2,985 4,197 $4,010 3,113 7,182 $1,458 7,123 $1,517 Net income Which income statement is based on the variable costing method? Income statement is based on the variable costing method Was production equal to, greater than, or less than sales for the month? Production was Calculate the amount of fixed overhead for the month sales for the month Fixed overhead