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Crystal Clear Corporation manufactures and sells 50 -inch television sets and uses standard The selling price per unit is $2,200. The budgeted level of production
Crystal Clear Corporation manufactures and sells 50 -inch television sets and uses standard The selling price per unit is $2,200. The budgeted level of production used to calculate the costing. Actual data relating to January, February, and March 2020 are as follows: budgeted fixed manufacturing cost per unit is 1,100 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. (b). Prepare income statements for Crystal Clear in January, February, and March 2020 under absorption costing. 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.) Data table
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