ClearView Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows: (Click the icon to view the actual data.) The selling price per unit is $3,600. 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. Requirement 1. Prepare income statements for ClearView in January, February, and March 2017 under throughput costing. Begin by completing the top portion of the statement, then the bottom portion. (Enter a "0" for any zero balance accounts.) Revenues January 2017 February 2017 March 2017 Variable costing income statement Revenues Variable costs: Beginning inventory January 2017 $ 3,240,000 February 2017 $ 3,510,000 March 2017 $ 3,798,000 Absorption costing income statement Revenues Cost of goods sold: January 2017 February 2017 $ 3,240,000 $ 3,510,000 March 2017 $ 3,798,000 $ 70,000 70,000 Beginning inventory 0 $ 118,000 Variable manufacturing costs 700,000 682,500 717,500 Variable manufacturing costs 700,000 682,500 Cost of goods available for sale 700,000 752,500 787,500 480,000 468,000 $ 118,000 717,500 492,000 Allocated fixed manufacturing costs Less: Ending inventory (70,000) (70,000) (49,000) Cost of goods available for sale 1,180,000 1,268,500 Variable cost of goods sold 630,000 682,500 738,500 Less: Ending inventory (118,000) (118,000) 1,327,500 (82,600) 472,500 511,875 553,875 0 Variable operating costs Adj. for production-volume variance 12,000 U (12,000) F 1,102,500 1,194,375 1,292,375 Total variable costs Cost of goods sold 1,062,000 1,162,500 1,232,900 Contribution margin 2,137,500 2,315,625 2,505,625 Gross margin 2,178,000 2,347,500 2,565,100 Fixed costs: Operating costs: Fixed manufacturing costs 480,000 480,000 110,000 110,000 480,000 110,000 Variable operating costs 472,500 110,000 Fixed operating costs Fixed operating costs Total fixed costs 590,000 590,000 590,000 511,875 110,000 582,500 Total operating costs $ 1,547,500 $ 1,725,625 $ 1,915,625 Operating income Operating income $ 1,595,500 553,875 110,000 621,875 $ 1,725,625 663,875 $ 1,901,225 K ClearView Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows: (Click the icon to view the actual data.) The selling price per unit is $3,600. 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 manufactur (Click the icon to vie ClearView prepared the (Click the icon to vie (Click the icon to vie Data table Unit data: Beginning inventory Production Sales January February March 0 100 100 1,000 975 1,025 900 975 1,055 - March 2017 under throughput costing. "0" for any zero balance accounts.) Data table Read the requirements. Variable costs: Manufacturing cost per unit produced January February March $ 700 $ 700 $ 700 Direct material cost per unit $ 350 $ 350 $ 350 Operating (marketing) cost per unit sold $ 525 $ 525 $ 525 Direct manufacturing labor cost per unit 125 125 125 Fixed costs: 225 225 225 Manufacturing overhead cost per unit Manufacturing costs 480,000 $ 480,000 $ 480,000 $ 700 $ 700 $ 700 Operating (marketing) costs $ 110,000 $ 110,000 $ 110,000