ClearView 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 $2,400. 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. Read the requirements. Data Table Unit data: Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced $ Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs 69 69 $ 69 $ 69 January 0 1,250 1,150 February 600 $ 725 $ 460,000 $ 180,000 $ 100 1,200 1,200 600 $ 725 $ 460,000 $ 180,000 $ - March X 100 1,270 1,275 600 725 460,000 180,000 i Requirements 1. Prepare income statements for ClearView 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.