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Help with preparing the income statements under absorption costing. I think what I have so far is correct but not sure. If you can help

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Help with preparing the income statements under absorption costing. I think what I have so far is correct but not sure. If you can help with requirement 2 that would be great too.

TV Plus 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 $2,900. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,100 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 TV Plus in January, February, and March 2017 under (a) variable costing and (b) absorption costing. (a). Prepare income statements for TV Plus in January, February, and March of 2017 under variable costing. Complete the top half of the income statement for each month first, then complete the bottom portion (Complete all answer boxes. Ente Data Table January 2017 February 2017 March 2017 Revenues $2,900,000 $ 3,117,500 $ 3,349,500 January February March Variable cost of goods sold: Unit data: 0 100 Beginning inventory 100 Beginning inventory $ 85.000 $ 85,000 Production 1,100 1,075 1.125 Variable manufacturing costs 935,000 913.750 956,250 Sales 1,000 1,075 1.155 Cost of goods available for sale 935,000 998,750 1,041,250 Variable costs: Deduct ending inventory (85,000) (85.000) Manufacturing cost per (59,500) unit produced $ 850 $ 850 $ 850 Variable cost of goods sold 850,000 913,750 981.750 Operating (marketing) 700,000 752,500 808,500 cost per unit sold $ Variable operating costs 700 $ 700 $ 700 Fixed costs: Contribution margin 1,350,000 1.451,250 1,559,250 Manufacturing costs $ 440,000 $ 440.000 $ 440,000 Fixed manufacturing costs 440,000 440,000 440,000 Operating (marketing) Fixed operating costs 170,000 170,000 170,000 costs $ 170,000 $ 170,000 $ 170,000 Operating income $ 740,000 $ 841,250 $ 949,250 Print Done (b). Prepare income statements for TV Plus 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 "O" 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 Revenues 2900000 | 3117500 3349500 * Requirements Cost of goods sold: Beginning inventory Variable manufacturing costs N 935000 913750 956250 1. Prepare income statements for TV Plus in January February, and March 2017 under (a) variable costing Allocated fixed manufacturing costs 440000 4300001 450000 and (b) absorption costing. Cost of goods available for sale 2. Explain the difference in operating income for January, February, and March under variable costing and Deduct ending inventory absorption costing. Adj. for production-volume variance | Cost of goods sold Print Done Gross margin 0

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