ClearView Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, The selling price per unit is $2,900. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per February, and March 2017 are as follows: unit is 1,300 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. E: (Click to view the data.) Read the requirements Requirements Requirement 1. Prepare income statements for Clear View in January, February, and March 2017 under (a) variable costing and (b) absorption costing. (a). Prepare income statements for ClearView 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 "0" for any zero balance accounts.) 1. Prepare income statements for ClearView in January, February, and March 2017 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. January 2017 February 2017 March 2017 - Data table January February March Unit data: Beginning inventory 0 150 150 Production 1,300 1,250 1.250 1,350 1,370 Sales 1,150 $ 800 $ 800 $ 800 $ 725 $ 725 $ 725 Variable costs Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ 533,000 $ 533,000 $ 533,000 $ 190,000 $ 190,000 $ 190,000 Help me solve this Etext pages Get more help