Rhys Company Income Statement - Absorption Costing For the Month Ended July 31, 2016 A. Prepare a variable costing income statement, assuming that the fixed manufacturing costs were $153,400 an administrative expenses were \$110,400. Refer to the Labels and Amount Descriptions list provided for the ex: choices for text entries. "Less" or "Plus" and colons will automatically appear if it is required. In your compute two decimal places and round final answers to the nearest dollar. B. Reconcile the absorption costing income from operations of $1,650,000 with the variable costing income fro in (A)