1. Smart Screen Corporation manufactures and sell 50-inch television sets. The selling price per unit is $2,500. A fixed manufacturing cost rate is computed at the end of each month by dividing the actual fixed manufacturing costs by the actual production units. Actual data relating to January and February 2019 are as follows: January February Unit Data Beginning units 0 300 Production Sales 1000 800 700 800 Variable costs Manufacturing cost/unit produced $900 $900 Operating (Marketing) cost/unit sold $600 $600 Fixed costs Manufacturing costs $400,000 $400,000 Operating (Marketing) costs $140,000 $140,000 Required: 1. Prepare income statements for big screen in January and February 2019 under absorption costing. 2. Prepare income statements for big screen in January and February 2019 under variable costing. 3. Reconcile the difference between the operating incomes under absorption and variable costing for the months of January and February 2019. 2. Provide reasons for the use of different product costing methods in companies with specific focus on absorption, variable, and throughput costing.