a)
b)
drop down choices for a and b
Requirement 2:
dropdown choices:
1.
2 and 3. decrease or increase
data
Question Help Crystal Clear Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual The selling price per unit is $3,400. The budgeted level of production used to calculate the budgeted feed data relating to January, February, and March 2017 are as follows: manufacturing cost per unit is 1,100 units. There are no price, efficiency, or spending variances. Any production volume variance is written off to cost of goods sold in the month in which it occurs. (Click to view the data) Read the requirements Requirement 1. Prepare income statements for Crystal Clear in January February, and March 2017 under (a) variable costing and (b) absorption costing (a). Prepare income statements for Crystal Clear in January February, and March of 2017 under variable costing Complete the top half of the income statement for each month first, then complete the bottom portion (Complete all answer boxes. Enter a "O" for any zero balance accounts.) January 2017 February 2017 March 2017 Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Crystal Clear Corporation manufactures and solls 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows: Click to view the data.) The selling price per unit is $3,400 manufacturing cost per unit is 1,10 production-volume variance is writ Read the requirements January 2017 February 2017 March 2017 MI MI ih Denn inanm rintamente nel narin Ini Cara Mendarnhaminn nantin Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later NA BOOK PRO (b). Prepare income statements for Crystal Clear in January February, and March 2017 under absorption costing Complete the top half of the income statement for each month first, then complete the bottom portion (Enter" for any zero balance accounts, Label any variances as favorable (F) or unfavorable (U). W an account does not have a variance, do not select a label. Abbreviation used: Adi Adjustment, Mo.- Manufacturing.) January 2017 February 2017 March 2017 Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Crystal Clear Corporation manufactures and sells 50-inch television sets and usos standard costing. Actual data relating to January, February, and March 2017 are as follows: !!! (Click to view the data.) The selling price per unit is $3,400. The budgeted level of product manufacturing cost per unit is 1,100 units. There are no price, offi production-volume variance is written off to cost of goods sold in Read the requirements Requirement 2. Explain the difference in operating income for January, February, and March under variable costing and absorption costing. Begin by preparing a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption costing. Delo difference between the operating Income under each method. Then complete the equation for each month. (Enter an amount in each input coll and enter a "O" for any zero bal Choose from any list or enter any number in the input fields and then continue to the next question Save for Later MacBook Pro d sells 50- ch 2017 al Clear in Ja Adj. for production-volume variance d Allocated fixed manufacturing costs Beginning inventory Contribution margin Cost of goods available for sale (1 Cost of goods sold C Deduct ending inventory Fixed manufacturing costs Fixed operating costs Gross margin Operating income Revenues Variable manufacturing costs Variable operating costs d ent for each ibel. Abbre Janua [ Requirement 2. Explain the difference in operating income for January, February, and March under variable costing and absorption costing Begin by preparing a numerical reconciliation and exploration of the difference between operating income for each month under variable costing and absorption costing. Determine the formula that will highlight the difference between the operating income under each method. Then complete the equation for each month. (Enter an amount in each input call and enter a "Ofor any zero balances Abbreviations used. Bag - beginning, End. ending. Mig - Manufacturing, and Var. - Variable) Absorption costing Variable costing operating income operating income Jan Feb MA - The difference between absorption and variable costing is de solely to moving inte inventories as inventories and out of inventories as they Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Jary, February, and March under variable costing and absorption costing. e difference between operating income for each month under variable costing and absorption complete the equation for each month. (Enter an amount in each input cell and enter a "0" fo le.) fixed manufacturing costs fixed operating costs variable manufacturing costs variable operating costs olely to moving into inventories as inventories and out and then continue to the next question. MacBook Pro 11 F8 F4 ES levision sets and uses standard costing. Actual The selling price per unit is $3,400. The budgeted leve Bren. Data Table X f goo January February March Unit data: 0 100 Beginning inventory Production 100 1,100 1,075 1,125 1,000 1,075 1,145 costing or any z $ 900 $ 900 $ 900 Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs s 750 $ 750 S 750 $ 550,000 $ 550,000 $ 550,000 $ 110,000 $ 110,000 $ 110,000 Print Done but of inven at fields and then continue to the next question. MacBook Pro FB F4
