ClearView Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2014 are as follows: The selling price per unit is $2.700. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1.250 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. Explain the difference in operating income for January, February, and March under variable costing and absorption Begin by preparing a numerical reconciliation and explanation of the difference between operating income for each month under between the operating income under each method. Then complete the equation for each month. (Enter an amount in each input Mfg. = Manufacturing, and Var. = Variable.) The difference between absorption and variable costing is due solely to moving into inventories ClearView Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2014 are as follows: The selling price per unit is $2.700. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1.250 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. Explain the difference in operating income for January, February, and March under variable costing and absorption Begin by preparing a numerical reconciliation and explanation of the difference between operating income for each month under between the operating income under each method. Then complete the equation for each month. (Enter an amount in each input Mfg. = Manufacturing, and Var. = Variable.) The difference between absorption and variable costing is due solely to moving into inventories