= Homework: Homework Assignment No. 2 Question 1, E9-23 (simila... Part 1 of 9 HW Score: 0%, 0 of 10 points Points: 0 of 5 O Save TV Plus 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 1,250 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 2020 under (a) variable costing and (b) absorption costing (a). Prepare income statements for TV Plus 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 "0" for any zero balance accounts.) January 2020 2420000 February 2020 2585000 March 2020 2871000 Revenues Variable cost of goods sold: Beginning inventory Variable manufacturing costs Cost of goods available for sale 97500 763760 97500 828750 812500 812500 926250 861250 97500 97500 78000 Deduct ending Inventory Variable cost of goods sold 71500 718750 848250 852500 910625 1011775 Variable operating costs Contribution margin 1490000 955625 1010975 Data Table January February March Unit data: Beginning inventory 0 150 150 Production 1,250 1,175 1,275 Sales 1,100 1,175 1,305 Variable costs: $ 650 $ 650 $ 650 Manufacturing cost per unit produced Operating (marketing) cost per unit sold $ 775 $ 775 $ 775 Fixed costs: $ 460,000 $ 460,000 $ 460,000 Manufacturing costs Operating (marketing) costs $ 160,000 $ 160,000 $ 160,000 Print Done