Roller Paint Coreported the following data for the month of September. There were no beginning inventories and all units were completed (no work in process). Total Cost Number of Units Unit Cost Manufacturing costs: Variable 30,000 $15.50 Fixed $465,000 210,000 $675,000 30,000 7.00 Total $22.50 Selling and administrative expenses: Variable $2 per unit sold $39,000 Fixed In the month of September, 28,000 of the 30,000 units manufactured were sold at a price of $80 per unit . Prepare a variable costing income statement Roller Paint Co. Variable Costing Income Statement For the Month Ended September 30 Sales 2,200,000 Variable cost of goods sold red most Fixed selling and administrative expenses 56,000 X Variable selling and administrative expenses 490,000 X Manufacturing margin Fixed selling and administrative expenses 210,000 X 39,000 X Fixed selling and administrative expenses 39,000 X -249,000 X Contribution margin Fixed costs: X Income from operations 1,500,000 b. Prepare an absorption costing Income statement Roller Paint Co. Absorption Costing Income Statement For the Month Ended September 30 Sales 2,240.000 Cost of goods sold: 434,000 X 196,000 X Cost of goods sold -630,000 Gross profit 56,000 X 39,000 X Income from operations 1.515,000 c. Briefly explain why there is a difference in income from operations between the two methods The difference in the amount of income from operations is a result of the treatment of fixed manufacturing expenses