Revive Me Sports Drink produced 9,400 cases of powdered drink mix and sold 16,000 cases in July. The sales prices was $30.00, variable costs were $14.00 per case, comprising $10.00 for manufacturing costs and $4.00 for selling and administrative expenses. Total foxed costs were $69,300, which were made up of manufacturing costs of $44,800 and selling and administrative cost of $24,500. The company had no beginning Finished Goods Inwentory. 1. Prepare the July income statement using absorption costing. Revive Me Sports Drink produced 9,400 cases of powdered drink mix and sold 16,000 cases in July. The sales prices was $30.00, variable costs were $14.00 per case, comprising $10.00 for manufacturing costs and $4.00 for selling and administrative expenses. Total foxed costs were $69,300, which were made up of manufacturing costs of $44,800 and selling and administrative cost of $24,500. The company had no beginning Finished Goods Inwentory. 1. Prepare the July income statement using absorption costing. Revive Me Sports Drink produced 9,400 cases of powdered drink mix and sold 16,000 cases in July. The sales prices was $30.00, variable costs were $14.00 per case, comprising $10.00 for manufacturing costs and $4.00 for selling and administrative expenses. Total foxed costs were $69,300, which were made up of manufacturing costs of $44,800 and selling and administrative cost of $24,500. The company had no beginning Finished Goods Inwentory. 1. Prepare the July income statement using absorption costing. Revive Me Sports Drink produced 9,400 cases of powdered drink mix and sold 16,000 cases in July. The sales prices was $30.00, variable costs were $14.00 per case, comprising $10.00 for manufacturing costs and $4.00 for selling and administrative expenses. Total foxed costs were $69,300, which were made up of manufacturing costs of $44,800 and selling and administrative cost of $24,500. The company had no beginning Finished Goods Inwentory. 1. Prepare the July income statement using absorption costing