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Sales for both months were $700,000. In January produced 32,000 dishes and sold 25,000 dishes. In February produced 18,000 dishes and sold 25,000 dishes. Variable

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Sales for both months were $700,000. In January produced 32,000 dishes and sold 25,000 dishes. In February produced 18,000 dishes and sold 25,000 dishes. Variable Operating Expenses 62,500 Fixed Operating Expenses 5,500 REQUIRED: 1) Using Variable Costing, prepare January and February Income Statements 2) Using Absorption Costing, prepare January and February Income Statements

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