High-Tech Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2020 are as follows: Click to view the data) The selling price per unit is $2,200. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,000 units. There are no prloe, 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 High - Tech In January, February, and March 2020 under (a) variable costing and (b) absorption costing. (a). Prepare Income statements for High-Tech in January, February, and March of 2020 under variable casting, Complete the top half of the Income statement for each month first, thon completo the bottom portion (Complete all input fields. Enter a "0" for any zoro balance accounts.) January 2020 February 2020 March 2020 NAT Requirements 1. Prepare income statements for High-Tech 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. Data table January February March Unit data: 0 150 150 Beginning inventory Production 1,000 950 1,030 Sales 850 950 1,050 $ 600 $ 600 600 $ 650 $ $ 650 $ 650 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs 390,000 $ $ 390,000 $ $ 150,000 $ 390,000 150,000 150,000 $