PR 6-1A Absorption and variable costing income statements Obj. 1, 2 2. Income During the first month of operations ended August 3, Kodiak Fridgeration Company manu from operations, factured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the month $868,000 are summarized as follows: Sales 10,800,000 Manufacturing costs: Direct materials Direct labor Variable manufacturing cost.. . Fixed manufacturing cost $6,400,000 1,600,000 1,280,000 320,000 SHOW ME HOW 9,600,000 Selling and administrative expenses: Variable Fixed.. 180 1,260,000 Instructions 1. Prepare an income statement based on the absorption costing concept 2. Prepare an income statement based on the variable costing concept. 3.Explain the reason for the difference in the amount of income from operations reported in (1 and (2)