He E9-24 (similar to) Question Help Amazing Screen Corporation manufactures and sels 50-inch television sets and The variable manufacturing costs per unit of Amazing Screen Corporation are as uses standard costing. Actual data relating to January, February, and March 2017 follows: e as follows: Click the icon to view the variable manufacturing cost data) Click the icon to view the actual data) Amazing Screen prepared the following income statements under variable costing The selling price per unit is $3,000. The budgeted level of production used to and absorption costing. est calcule the budgeted foxed manufacturing cost per unit is 1400 units. There are (Click the loon to view the variable costing statement.) mo price, eliciency, or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it occur Click the icon to view the absorption conting statement) Read the requirements Requirement 1. Prepare income statements for Amazing Screen in lynry, February, and March 2017 under throughput costing Begin by completing the top portion of the temomthen the bottom portion (Enter a '0" for any zoro balance accounts.) January 2017 February 2017 March 2017 Ravens Choose front any list or enter wy number in the input fields and then click Check Answer po Foring Clear All Check Answer 2 au Data Table X zing 1 uring ach taten January February March 00 han ngy Id in Unit data: ateme 0 150 150 statem 1,400 1,325 1,420 come 1,250 1,325 1,425 portid Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ 950 $ 950 $ 950 $ 575 $ 575 $ 575 $ 490,000 $ $ 160,000 $ 490,000 $ 160,000 $ 490,000 160,000 entera Print Done Clear All con to View the variable manufacturing com pme statemen Data Table tu and en Ing statement.) psting statement January February March $ 550 $ 550 $ 550 statel Direct material cost per unit Direct manufacturing labor cost per unit Manufacturing overhead cost per unit 225 225 Son of 225 175 175 175 $ 950 $ 950 $ 950 Print Done nter any number in the input fields and then click chon i Variable costing income statement March 2017 v. January 2017 $ 3,750,000 February 2017 $ 3,975,000 $ 4,275,000 0 1,330,000 142,500 1,258,750 $ 142,500 1,349,000 Revenues Variable costs: Beginning inventory Variable manufacturing costs Cost of goods available for sale Less: Erding inventory Variable cost of goods sold Variable operating costs Total variable costs Contribution margin Fixed costs 1,330,000 (142,500) 1,491,500 (137,750) ple 1,401,250 (142,500) 1,258,750 761,875 1,187,500 718,750 1,353,750 819,375 1.906,250 2,020,625 2,173, 125 1,843.750 1,954,375 2,101,875 from an January 2017 $ 3,750,000 February 2017 $ 3,975,000 March 2017 $ 4,275,000 S 0 $ 195,000 1,349,000 497,000 195,000 1,258,750 463,750 1,330,000 490,000 Revenues Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Less Ending inventory Ad), for production volume variance Cost of goods sold Gross murgin Operating costs 1,820,000 (195.000) 0 1,917,500 (195,000) 26,250 U 2,041,000 (188,500) (7,000) F 1,625,000 1,748,750 1.845,500 2,125,000 2,226,250 2,429,500 Print Done art sam OleDaleu Stalen is $3,000. ixed manufa pending varia ods sold in the 0 Requirements statement.) king statement.) pare income sta the top portion 1. Prepare income statements for Amazing Screen in Shary, February, and March 2017 under throughput costing. 2. Contrast the results in requirement 1 with the operating income results under variable costing and absorption costing. 3. Give one motivation for Amazing Screen to adopt throughput costing. Print Done