Amazing Screen Corporation manufacturers and sells 50-inch Television sets and uses standard costing. Actual data relating to January, February, and March is attached.

The selling price per unit is $3,500. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,000 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.

The variable manufacturing cost per u it of Amazing Screen Corporation are attached below.

Amazing Screen prepared the following income statements under variable costing and absorption costing.

Variable costing

Absorption costing

1. Prepare income statements for Amazing Screen in January, February, and March 2017 under throughput costing. 2. Contrast the results in requirement 1 with the operating income results under variable costing and absorption costing. 3. Give one motivation for Amazing Screen to adopt throughput costing.

4 of 5 (0 complete) Data Table Is 50-inch television sets and ing Screen Corporation are as fo ing cost data) January evel of production used to calc spending variances. Any prod February March Unit data: Beginning inventory atements under vanable costinga Jement) tatement.) Production 150 925 1,000 850 150 1,025 1,050 925 azing Screen in January Feb then the bottom portion. (En January 2017 Sales Variable costs Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs Manufacturing costs Operating (marketing) costs 800 $ 575 $ $ 800 $ 575 $ 800 575 $ $ 480,000 $ 180,000 $ 480,000 $ 180,000 $ 480,000 180,000 Print Done levision sets a 0 Data Table - X per unit of Amazing Screen ble manufacturing cost d. nction used to criances. Any ving income statements ble costing statement.) rption costing statement. Direct material cost per unit Direct manufacturing labor cost per unit January February March 210 $ 210 $ 210 250 250 250 340 340 340 $ 800 $ 800 $ 800 in in January Manufacturing overhead cost per unit ottom portion 2017 Print Done 4 of 5 (0 complete) ar to) HW Score: 0% 1 Variable costing income statement Question Corporation manufactures and sells 50-inch and March 2017 are as follows: to view the actual data) prporation are as follows Revenues January 2017 $ 2,975,000 er unit is $3,500. The budgeted level of pro There are no price, efficiency, or spending month in which it occurs. February 2017 $ 3.237, 500 March 2017 $ 3,675,000 er vanable costing and absorption costing 0 800,000 $ Variable costs Beginning inventory Variable manufacturing costs Cost of goods available for sale Less Ending inventory 120,000 740,000 120,000 820,000 Prepare income statements for Amazing Scr 800,000 (120,000) 860,000 (120.000) 940,000 (100,000) ng the top portion of the statement, then the Janu Variable cost of goods sold 680,000 488,750 740,000 531 875 840,000 603.750 Variable operating costs 1,168,750 1271 875 1.443.750 Total variable costs Contribution margin Fixed costs 1 806 250 1.965625 2,231,250 Fixed manufacturing costs 480.000 180 000 480,000 180.000 480,000 180,000 Fixed operating costs Total fixed costs 660,000 660,000 660.000 $ 1,146,250 $ 1,305,625 $ 1,571 250 Operating income list or enter any number in the input field Print Done Check Answer Clear All e here to search HW Score: 0%,00 Absorption costing income statement Question Help on manufactures and sells 5 rch 2017 are as follows: the actual data.) Te as follows January 2017 $ 2,975 000 $3,500. The budgeted level re no price, efficiency, or spg which it occurs March 2017 February 2017 $ 3,237,500 posting and absorption costing $ 3,675,000 $ $ Revenues Cost of goods sold Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Less Ending inventory 192.000 740,000 444,000 800.000 480.000 192,000 820,000 492.000 ncome statements for Amazi p portion of the statement, 1 280,000 (192,000) 1,376,000 (192,000) 1 504 000 (160,000) 36.000 (12.000) F 1,088.000 1,220,000 1,332,000 Adj for production-volume variance Cost of goods sold Gross margin Operating costs Variable operating costs 1887,000 2017.500 2,343,000 488.750 130 000 531 875 180,000 603.750 180,000 Fixed operating costs 668,750 Total operating costs 783,750 711,875 $ 1,305,625 S 1 218 250 Onoratina incom $ 1,559,250 enter any number in the inp Print Done Clear All Check Answer 10:49 PM search