Hi, please help with this assigment
Crystal Clear 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 the icon to view the actual data.) The variable manufacturing costs per unit of Crystal Clear Corporation are as follows: BE (Click the icon to view the variable manufacturing cost data.) The selling price per unit is $3,600. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,500 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. Crystal Clear prepared the following income statements under variable costing and absorption costing (Click the icon to view the variable costing statement.) (Click the icon to view the absorption costing statement.) Read the requirements Requirement 1. Prepare income statements for Crystal Clear in January, February, and March 2017 under throughput costing. Begin by completing the tan noction of the statement than the bottom paction Cotocol for onu zor balance Account Data table Requirements Revenues January February March Unit data: 1. Prepare income statements for Crystal Clear in January, 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 Crystal Clear to adopt throughput costing. Beginning inventory 0 150 150 Production 1,500 1,450 1,560 Sales 1,350 1,450 1,580 Variable costs: Manufacturing cost per unit produced $ 950 $ 950 $ 950 Print Done Operating (marketing) cost per unit sold $ 525 $ 525 $ 525 Fixed costs $ 525,000 Help me solve Manufacturing costs Operating (marketing) costs 525,000 $ 110,000 $ 525,000 $ 110.000 $ Clear all Check answer $ 110,000 - X Save Absorption costing income statement Data table February 2017 March 2017 January February March January 2017 $ 4,860,000 Revenues $ 5,220,000 $ 5,688,000 Direct material cost per unit $ 625 $ 625 $ 625 175 175 175 Cost of goods sold: Beginning inventory Variable manufacturing costs Direct manufacturing labor cost per unit Manufacturing overhead cost per unit $ 0 $ 195.000 $ 195,000 150 150 150 $ 950 $ 950 $ 950 1,425,000 525,000 1,377,500 507,500 1,482,000 546,000 Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory 1,950,000 (195,000) 0 2,080,000 (195,000) 17,500 2,223,000 (169,000) Print Done Adj. for production-volume variance (21,000) F U 1,755,000 1,902,500 2,033,000 3,105,000 3,317,500 3,655,000 Cost of goods sold Gross margin Operating costs: Variable operating costs 708,750 110,000 761,250 110,000 829,500 110,000 Fixed operating costs 818,750 871,250 Total operating costs 939,500 Print Done Manufacturing cocte EE 625 0 676 nnn - Absorption costing income statement X ystal Clear Corporation are as Fturing cost data) tements under variable costin statement.) January 2017 February 2017 March 2017 ng statement.) Revenues $ 4,860,000 $ 5,220,000 $ 5,688,000 Cost of goods sold: Beginning inventory $ 0 $ 195,000 $ 195,000 Variable manufacturing costs 1,425,000 525,000 1,377,500 507,500 1,482,000 546,000 1.950,000 2,080,000 2,223,000 Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory Adj. for production-volume variance (195,000) (195,000) (169,000) 0 17,500 U (21,000) F Cost of goods sold 1,755,000 1,902,500 2,033,000 Gross margin 3,105,000 3,317,500 3,655,000 Operating costs: Variable operating costs 761,250 708,750 110,000 829,500 110,000 Fixed operating costs 110,000 Total operating costs 818,750 871,250 939,500 Print Done
