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Instructions Shawnee Montes de assembles and tels snowmoble engines. The company began operators on August 1 and operated at 100% et capacity during the fest month. The following data summarize the results for August 59,500,000.00 Sales (35,000 units Production costs (44.000 unit) Direct materials 1 $4,400,000.00 4 1,750,000.00 1.100.000.00 660,000.00 7920,000.00 Direct labor Variable factory overhead Fixed factory overhead Selling and administrative expenses Variable selling and administrative experges Ford selling and administrative expenses $1.170.000.00 200.000.00 1.370.000.00 Required: a. Prepare an income statement according to the absorption costing concepe b. Prepare an income statement according to the variatie costing concept." c. What is the reason for the difference in the amount of income from operations reported in (a) and (D!? * Refer to the ists of Labels and Amount Descriptions for the exact wording of the answer choices for rent entries. Be sure to complete the statement reading. A colon () will automatically appear it is required Enter al amounts as as pobtive numbers Absorption Costing Income Statement Shaded cells have feedback a. Prepare an income statement according to the absorption costing concept. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading Acokon () will automatically appear itt is required. Enter al amounts as posate numbers Score: 0445 Shawnee Motors Inc. Absorption Costing Income Statement Label I 1 $250.00 1 3 Variable Costing Income Statement Shaded coll have feedback. b. Prepare an income statement according to the variabio costing concept. Refer to the lists of Label and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () will automaticaly appear it is required. Enter all amounts as positiva numbers. Score: 50/27 59500,000.00 1 3,800,000.00 Shawn Motors Inc Vwable Costing Income Statement IL 1 Sales 1 Variable cost of goods sold Manufacturing margin * Variable selling and administrative expenses Contribution margin & Fixed costs ? Fixed factory overhead casts Fixed selling and administrative expenses Total fed costs 10 Income from operations 1.170.000,00 $2,060,000.00 860,000.00 51.200,000.00 Poires 13.50720