EntertainMe 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 $3,300. 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 requirements. Requirement 1. Pre (a). Prepare income Data table Unit data: Complete the top hal accounts.) Beginning inventory Production b) absorption costing. January February March er a "0" for any zero balance 0 150 150 1,500 1,400 1,520 1,350 1,400 1,530 Sales Variable costs: Manufacturing cost per unit produced $ 1,000 $ 1,000 $ 1,000 Operating (marketing) cost per unit sold $ 800 $ 800 $ 800 Fixed costs: Manufacturing costs 525,000 $ 525,000 $ 525,000 Operating (marketing) costs $ 130,000 $ 130,000 $ 130,000 Requirements 1. Prepare income statements for EntertainMe in January, February, and March 2020 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. Print Done