Amazing Screen Corporation manufactures and sells 50-inch television sets and uses standard costing Actual data relating to January, February, and March 2020 are as follows (Click to view the data) The selling price per unit is $2,600. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,400 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. Requirement 1. Prepare inc Data table bsorption costing (a). Prepare income stateme Complete the top half of the i accounts.) January February March for any zero balance Unit data Beginning inventory Revenues Variable cost of goods sold Variable manufacturing c Beginning inventory Allocated fixed manufact Cost of goods available f Help me solve this Production 0 150 150 1,400 1,325 1,4401 1,250 1,325 1,445 Sales Variable costs Manufacturing cost per unit produced $ 750 $ 750 $ 750 Operating (marketing) cost per unit sold $ 575 $ 575 $ 575 Fixed costs: Manufacturing costs $ 490,000 $ Operating (marketing) costs $ 140,000 $ 490,000 $ 140,000 $ 490,000 140,000 Print Done Check answer The selling price per unit is $2,600. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,400 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. Dand tha mairamanta Amazing Screen Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2020 are as follows: (Click to view the data.) The selling price per unit is $2,600. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,400 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 mand the Requirement 1. Prepare income (a). Prepare income statements Complete the top half of the inco accounts) Revenues Variable cost of goods sold: Variable manufacturing costs Beginning inventory Allocated fixed manufacturing Cost of goods available for sale Requirements 1. Prepare income statements for Amazing Screen in January, February, and March 2020 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 Print Done b) absorption costing "O" for any zero balance Amazing Screen Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2020 are as follows: (Click to view the data) The selling price per unit is $2,600. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,400 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. Read the purament Requirement 1. Prepare income statements for Amazing Screen in January, February, and March 2020 under (a) variable costing and (b) absorption costing (a). Prepare income statements for Amazing Screen in January, February, and March of 2020 under variable costing Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all input fields. Enter a "0" for any zero balance accounts) Revenues Variable cost of goods sold: Variable manufacturing costs Beginning inventory Allocated fixed manufacturing costs Cost of goods available for sale January 2020 February 2020 March 2020