You are required to calculate the net operating income/loss by using Variable costing and Absorption costing for the month of June, July, and August for Abdullah Automobile Manufacturer. Per Unit Per Month Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 26,000 Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $9,000 Variable manufacturing overhead . . . . . . . . . . . . . . . . . . . . . $3,000 Fixed manufacturing overhead . . . . . . . . . . . . . . . . . . . ........................................ $43,000 Selling price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$118,000 Variable selling and administrative expense . . . . . . . . . . . . $8,000 Fixed selling and administrative expense . . . . . . . . . . . . . . . ....................................... $29,000 June July August Beginning inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 1 Units produced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4 7 Units sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 3 8 Ending inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 1 0

Is there any difference in the net operating income/loss calculated by variable and absorption costing? If yes explain the reason.