4KPlay Inc. manufactures and sells50-inch television sets and uses standard costing. Actual data relating toJanuary, February, and March of 2018 are as follows.

4KPlay Inc. manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March of 2018 are as follows. (Click to view the data.) The selling price per unit is $3,600. Required 1. Present statements of comprehensive income for January, February, and March of 2018 under (a) variable costing and (b) absorption costing. 2. Explain the difference in operating income for January, February, and March under variable costing and absorption costing. Requirement 1a. Present statements of comprehensive income for January, February, and March of 2018 under variable costing. Complete the top half of the statement of comprehensive income for each month first, and then complete the bottom portion. 1 Data Table - X January 2018 February 2018 March 2018 Revenue 3420000 3150000 4050000 Variable costs January February March Beginning inventory Unit data: Variable manufacturing costs Beginning inventory 50 75 Cost of goods available for sale Production 1,000 900 1,150 Ending inventory Sales 950 875 1, 125 Less: Variable cost of goods sold Variable costs: Manufacturing cost per unit produced $ 500 $ 500 $ 500 Variable operating costs Operating (marketing) cost per unit sold 600 600 $ 600 Total fixed costs Fixed costs: Operating income Manufacturing costs $ 360,000 $ 360,000 $ 360,000 Operating (marketing) costs 150,000 150,000 150,000 Note: The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,000. Print Done