Variable costing Income Statement On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on the absorption costing concept: Assume the fixed manufacturing costs were $18,711 and the fixed selling and administrative expenses were $6,860. Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Assume the fixed manufacturing costs were $18,711 and the fixed selling and administrative expenses were $6,860. Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Weatherford Company Variable Costing Income Statement