E9-23 (similar to) Question Help Crystal Clear Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 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 1,250 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 requirements. (Click to view the data) Requirement 1. Prepare income statements for Crystal Clear in January, February, and March 2017 under (a) variable costing and (b) absorption costing (a). Prepare income statements for Crystal Clear in January, February, and March of 2017 under variable costing Complete the top half of the income statement for each month first, then complete the bottom portion (Complete all answer boxes Enter a W" for any zero balance accounts) January 2017 February 2017 March 2017 Data Table January February March Unit data Beginning inventory Production Sales 150 1,225 1,225 150 1275 1345 1250 1,100 Variable costs 800 S 800 $ Manufacturing cost per unit produced Operating (marketing) cost per unit 800 625 $ 625 $ 625 Requirements Fixed costs Manufacturing costs Operating (marketing) costs S 460,000 S 460,000 $460000 S 160,000 S 160,000 $160,000 1. Prepare income statements for Crystal Clear in January, February, and March 2017 under (a) variable costing and (b) absorption costing 2. Explain the difference in operating income for January, February, and Marclh PrintDone under variable costing and absorption costing. Print Done swer E9-23 (similar to) Question Help Crystal Clear Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 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 1,250 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 requirements. (Click to view the data) Requirement 1. Prepare income statements for Crystal Clear in January, February, and March 2017 under (a) variable costing and (b) absorption costing (a). Prepare income statements for Crystal Clear in January, February, and March of 2017 under variable costing Complete the top half of the income statement for each month first, then complete the bottom portion (Complete all answer boxes Enter a W" for any zero balance accounts) January 2017 February 2017 March 2017 Data Table January February March Unit data Beginning inventory Production Sales 150 1,225 1,225 150 1275 1345 1250 1,100 Variable costs 800 S 800 $ Manufacturing cost per unit produced Operating (marketing) cost per unit 800 625 $ 625 $ 625 Requirements Fixed costs Manufacturing costs Operating (marketing) costs S 460,000 S 460,000 $460000 S 160,000 S 160,000 $160,000 1. Prepare income statements for Crystal Clear in January, February, and March 2017 under (a) variable costing and (b) absorption costing 2. Explain the difference in operating income for January, February, and Marclh PrintDone under variable costing and absorption costing. Print Done swer