YoSan Inc. absorption costing income statement missing parts

Absorption and Variable costing Income Statements During the first month of operations ended July 31, Yosan Inc. manufactured 2,400 flat panel televisions, of which 2,000 were sold. Operating data for the month are summarized as follows: Sales $2,150,000 Manufacturing costs Direct materials $960,000 Direct labor 420,000 Variable manufacturing cost 156,000 Fixed manufacturing cost 288,000 1,824,000 Selling and administrative expenses: Variable $204,000 Fixed 96,000 300,000 Required: Check My Work GROW TE Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Income from operations DO Fecha Check My Wor 2 Sales variable cost of goods sold = Manufacturing margin: Manufacturing margin variate sing and administrative expenses Contribution mag Contribution margined manufacturing costs foedeling and administrative expenses) income from operations "Variable cost of goods sold Variable cost of goods manufactured - Manufactured Units Solid untsxanatie manufacturing contemanutachared Learning Objective and Learning Objective 3. Explain the reason for the difference in the amount of income from operations reported in (a) and (2). The income from operations reported under absorption V costing exceeds the income from operations reported under variable costing by the diference between the two, due to fixed manufacturing costs that are deferred to a future month under absorption costing