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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
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 January February March 0 100 100 1,000 975 1,025 900 975 1,055 $ 750 $ 750 $ 750 EA 700 $ 700 $ 700 $ 480,000 $ 480,000 $ 480,000 Operating (marketing) costs $ 120,000 $ 120,000 $ 120,000 (b). Prepare income statements for Amazing Screen 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.) Revenues Variable costs: 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 Operating income January 2020 February 2020 March 2020
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