There arents under and we Frems Inde Indtufactures and shots. The compris only and produtos 126.00 The 2.000 ans. During the card 105.000 scoring the month Butto 128.000 units 70 unit. The bry mucturing and diverse were Number of UR Toim Cont Marutung February Var 23,000 40.00 20,000 2.0 47.000 Hangos inftruary Vana 10,000.00 25.000 105.000 40.20 4,451.000 333120 334.770.000 Se and continens ry 128.000 0.053,363.400 125.000 400 12.000 Total H4,454,400 This Hormation has been elected on the Mirronen troende tils Open De oratiouet, perten te vervet tra, and irout your use in tw control Burton a. Prepare an income statement according to the absorption costing concept for February. Enter all amounts as positive numbers. Fresno Industries Inc. Absorption Costing Income Statement For the Month Ended February 28 Cost of goods sold: b. Prepare an income statement according to the variable costing concept for February, Enter all amounts as positive numbers. Fresno Industries Inc. Variable Couting Income Statement For the Month Ended February 28 Fixed costs c. What is the reason for the difference in the amount of Operating income reported in (a) and (6) Under the method, the fixed manufacturing cost included in the cost of goods sold is matched with the revenues. Under all of the five manufacturing cost is deducted the period in which is incurred, regardless of the amount of inventory change. Thus, when inventory decreases, the income statement will have a lower Operating income There arents under and we Frems Inde Indtufactures and shots. The compris only and produtos 126.00 The 2.000 ans. During the card 105.000 scoring the month Butto 128.000 units 70 unit. The bry mucturing and diverse were Number of UR Toim Cont Marutung February Var 23,000 40.00 20,000 2.0 47.000 Hangos inftruary Vana 10,000.00 25.000 105.000 40.20 4,451.000 333120 334.770.000 Se and continens ry 128.000 0.053,363.400 125.000 400 12.000 Total H4,454,400 This Hormation has been elected on the Mirronen troende tils Open De oratiouet, perten te vervet tra, and irout your use in tw control Burton a. Prepare an income statement according to the absorption costing concept for February. Enter all amounts as positive numbers. Fresno Industries Inc. Absorption Costing Income Statement For the Month Ended February 28 Cost of goods sold: b. Prepare an income statement according to the variable costing concept for February, Enter all amounts as positive numbers. Fresno Industries Inc. Variable Couting Income Statement For the Month Ended February 28 Fixed costs c. What is the reason for the difference in the amount of Operating income reported in (a) and (6) Under the method, the fixed manufacturing cost included in the cost of goods sold is matched with the revenues. Under all of the five manufacturing cost is deducted the period in which is incurred, regardless of the amount of inventory change. Thus, when inventory decreases, the income statement will have a lower Operating income