Corporation manufactures and sells50-inch television sets and uses standard costing. Actual data relating toJanuary, February, and March 2017

2017 are asfollows:

EntertainMe Corporation manufactures and sells 50-inch The selling price per unit is $3,300. The budgeted level of television sets and uses standard costing. Actual data relating to production used to calculate the budgeted fixed manufacturing January, February, and March 2017 are as follows: cost per unit is 1,500 units. There are no price, efficiency, or (Click to view the data.) spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs. Read the requirements. Complete the top half of the income statement for each month first, then complete the bottom portion. (Enter a "0" for any zero balance accounts. Label any variances as favorable (F) or unfavorable (U). If an account does not have a variance, do not select a label. Abbreviation used; Adj. = Adjustment, Mfg. = Manufacturing.) January 2017 February 2017 March 2017 Choose from any list or enter any number in the input fields and then click Check Answer.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 January February March 0 150 150 1,500 1,400 1,520 1,350 1,400 1,530 1,000 $ 1,000 $ 1,000 800 $ 800 $ 800 525,000 $ 525,000 $ 130,000 $ 130,000 $ 525,000 130,000 Adj. for production-volume variance Allocated xed manufacturing costs Beginning inventory Contribution margin Cost of goods available for sale Cost of goods sold Deduct ending inventory Fixed manufacturing costs Fixed operating costs Gross margin Operating income ; Revenues er in ti ' Variable manufacturing costs ' : Variable operating costs b IGI I la." III I3