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EntertainMe Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows:
EntertainMe Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 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 foxed 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 (b). Prepare income statements for EntertainMe in January, February, and March 2017 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.) January 2017 February 2017 March 2017 Choose from any list or enter any number in the input fields and then continue to the next question.
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