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Data table Unit data: D Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing
Data table Unit data: D Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs of margin Print $ $ January 0 1,100 1,000 750 $ 575 $ $ 550,000 $ $ 180,000 $ Done February 100 1;075 1,075 750 $ 575 $ 550,000 $ 180,000 $ March 100 1,125 1,155 750 575 550,000 180,000 I X Data table High - Tech 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 $2,200. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,100 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. (a). Prepare income statements for High - Tech in January, February, and March of 2020 under variable costing Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all input fields. Enter a " 0 " for any zero balance accounts.)
Data table Unit data: D Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs of margin Print $ $ January 0 1,100 1,000 750 $ 575 $ $ 550,000 $ $ 180,000 $ Done February 100 1;075 1,075 750 $ 575 $ 550,000 $ 180,000 $ March 100 1,125 1,155 750 575 550,000 180,000 I X
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