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Crystal Clear Corporation manufactures and sols 50 -inch television sets and uses standard costing. Actual data relating to January, February, and March 2020 are as
Crystal Clear Corporation manufactures and sols 50 -inch television sets and uses standard costing. Actual data relating to January, February, and March 2020 are as follows: The selling price per unit is $3,100. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,500 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 Requirement 1. Prepare income statements for Crystal Clear in January. February, and March 2020 under (a) variable costing and (b) absorption costing (a). Prepare income statements for Crystal Clear in January, February, and March of 2020 under variable costing. Complece the top half of the income statement for each month first, then complete the botiom portion. (Complete all input felds. Enter a " 0 " for any zero balance accounts.) Data table The selling price per unit is $3,100. The budgeted level of production used to calculate po budgeted foed manufacturing cost per unit is 1,500 units. There are no price, eficiency, of spending variances. Any production-volume variance is written off to cost of pods sold in the month in which it occurs. kead the requitements. (a) variable costing and (b) absorption costing sting. plele all input fields. Enter a " 0 for any zero balance accounis.) March 2020 Requirements 1. Prepare income statements for Crystal Clear in Jaruary, February, and March 2020 under (a) variable costing and (b) absorption costing 2. Explain the difference in operating income for Jarvary. February, and March under variable costing and absorption costing
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