y Mountain Sports Inc. assembles and sells snowmobile engines. The company began operations on March 1 and operated at 100% of capacity during the first month. The following data summarize the results for March:

During the first month of operations ended March 31, IceBox Fridgeration Company manufactured 40,000 mini refrigerators, of which 36,000 were sold. Operating data for the month are summarized as follows:

azy Mountain Sports Inc. assembles and sells snowmobile engines. T mpany began operations on March 1 and operated at 100% of capaci ring the first month. The following data summarize the results for Mar Required: a. Prepare an income statement according to the absorption costing concept. b. Prepare an income statement according to the variable costing concept. c. What is the reason for the difference in the amount of Operating income reported in (a) and (b)? ng the first month of operations ended March 31 , IceBox Fridgeration Company manufactured 40,000 m gerators, of which 36,000 were sold. Operating data for the month are summarized as follows: Required: 1. Prepare an income statement based on the absorption costing concept. 2. Prepare an income statement based on the variable costing concept. 3. Explain the reason for the difference in the amount of operating income reported in (1) and (2)