HD Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2020 are as follows: B: (Click to view the data.) B The selling price per unit is $3,600. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,400 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. Prepare income statements for HD in January, February, and March 2020 under (a) variable costing and (b) absorption costing. (a). Prepare income statements for HD 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 "O" for any zero balance accounts.) January 2020 February 2020 March 2020 Variable manufactu Data Table Requirements January February March 1. Prepare income statements for HD 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. 0 100 100 1.400 1.440 1,375 1,375 1,300 1.450 Print Done Unit data: Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs 800 $ $ $ $ 800 $ 525 $ 800 525 525 $ $ 490,000 $ 490,000 $ 490,000 Help Me Solv Clear All Check Answer $ 150,000 $ 150,000 $ 150,000