Crystal Clear 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 $3,700. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per 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. Read the - X X Requirements (95,000) (95.000) (85,500) 1,268,250 1,140,000 930,000 1,211,250 988,125 1,034,625 Deduct ending inventory Variable cost of goods sold Variable operating costs Contribution margin Fixed manufacturing costs Fixed operating costs --- 2,370,000 533,000 2,518,125 533,000 2,636,625 533,000 1. Prepare income statements for Crystal Clear 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 170,000 170,000 170,000 $ 1,867,000 S 1.815,125 Operating income $ 1,933,625 Print Done (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 "O" for any zero balance not select a label. Abbreviation used Ad). = Adjustment, Mfg. = Manufacturing.) ce, do January 2020 $4,440,000 - X February 2020 $4,717,500 March 2020 $4,939,500 Data table $ 136,000 $ 0 1,235,000 January February March 1,211,250 1.258.750 533,000 0 100 100 Revenues Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Deduct ending Inventory , Adj, for production volume variance Cost of goods sold Gruss margin 1,768,000 Unit data: Beginning inventory Production Sales (136,000) 0 1,300 1,200 1,275 1,275 1,325 1,335 U F 1,632.000 1734000 1806870 $ 950 $ 950 950 $ 775 $ 2,800,000 2983500 3132630 $ 775 $ 775 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs 533,000 Help me solve this Etext pages Get more help $ 533,000 $ 533,000 $ $ 170,000 $ 170,000 $ 170,000