Suppose that during April, Sportade produces 10,000 cases of powdered drink mix and sells 11,000 cases. Sale price, variable cost per case, and total fixed expenses remain the same as in March. 1. Prepare the April income statement under absorption costing. 2. Is absorption costing income higher or lower than variable costing income? Explain. 3. Reconcile the difference between the absorption costing income statement and the variable costing income statement. Requirement 1. Prepare the April income statement under absorption costing. Requirement 2. Is absorption costing income higher or lower than variable costing income? Explain. Absorption costing income is than variable costing income. The difference stems from two offsetting forces. expenses all flxed manufacturing overhead in the period incurred. But when the fixed manufacturing overhead is expensed. Requirement 3. Reconcile the difference between the absorption costing income statement and the variable costing income statement: Data table Sportade had a sale price of $30 per case and March's ending inventory was 2,000 cases