%E9-23 (similar to) Question Help uses ClearView Corporation manufactures and sells 50-inch television sets data relating to January, February, and March 2017 are as follows: B! (Click to view the data.) 09 The selling price per unit is $2,900. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,000 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 Complete the top half of the income statement for each month first, then complete the bottom does not have a variance, do not select a label. Abbreviation used: Adi. = Adjustment, Em - X Mig. Requirements January February March Revenues Cost of goods sold Beginning invento Variable manufact s 1. Prepare income statements for Clear View 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 March under variable costing and absorption costing 1,000 850 150 975 975 150 1,050 1,075 Allocated fixed mg Cost of goods ava Deduct ending in inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs Manufacturing costs Operating (marketing) costs Print Done $ $ 800 $ 625 $ 800 $ 625 $ 800 625 Choose from any lis Sparts $ $ Clear Al 420,000 $ 200,000 $ 420,000 $ 200,000 $ 420,000 200,000 remaining