HULU FA 21: Final Planning & Cost Mgmt Madelyn Abersold & | 09/26/211:19 PM Homework: Hom... Question 1, E9-23 (simila... Part 3 of 9 Amazing Screen Corporation manufactures and sels 50-inch television sets and usos standard costing Actual data relating to January, February, and March 2020 are as follows: Click to view the data.) HW Score: 9.29%, 0.93 of 10 points Save Points: 0,93 of 5 The selling price per unit is $3,700. The budgeted level of production used to calculate the budgeted foxed manufacturing cost per unit is 1,400 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 P Requirement 1. Prepare income statements for Amazing Screen in January, February, and March 2020 under (a) variable costing and (b) absorption costing (a). Prepare Income statements for Amazing Screen 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 *o* for any zero balance accounts.) January 2020 February 2020 March 2020 Revenues $4,625,000 $5,087,500 $ 5,568,500 Variable cost of goods sold $ 90,000 Beginning inventory $ 90,000 Variable manufacturing costs 840,000 825.000 855.000 Cost of goods available for sale 840,000 915,000 945,000 Deduct ending inventory (90,000) 190.000) (42.000) Variable cost of goods sold 750,000 825,000 903,000 Variable operating costs 906 250 996,875 1,091,125 Contribution margin 2.968,750 3,265.625 3,574,375 Fixed manufacturing costs 490.000 490.000 490,000 ses AAAA act -Pol Help Me Solve This e Text Pages Get More Help Clear All Check Answer