HW Score: 13.70% Points: 0.49 of 5 II Question 1, E9-23 (simil... Part 1 of 9 Previous question High-Tech Corporation manufacture sets and uses standard costing Actual data relating to January February and March 2020 are as follows (Click to view the date ision The selling price per unit is $2,700 The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1000 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 it: 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 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 February 2020 March 2020 och Corporation manufactures and sells 50-inch television uses standard costing Actual data relating to January and March 2020 are as follows: k to view the data) The selling price per unit is $2,700 The budg production used to calculate the budgeted fixed manufact per unit is 1,000 units. There are no price, efficiency, or si variances Any production-volume variance is written off goods sold in the month in which it occurs Read the requirements #HI ement 1. Prepare income statements for High-Tech in January February, and March 2020 under (a) variable costing and on costing paro incomo statomante for Hitachi Lanman Bohmanand March 2020 under variable cocina X helds Er le Data table zer - 20 January February March Unit data 150 150 Beginning inventory Production 0 1.000 850 925 925 1,030 1.045 Sales 650 700 Vanable costs Manufacturing cost per unit produced $ 650 $ 650 S Operating (marketing) cost per unit sold $ 700 S 700 S Fixed costs Manufacturing costs 390,000 $390,000 $ Operating (marketing) costs $ 180,000 $ 180.000 S 390,000 180.000 h Corporation manufactures and sells 50-inch television ses standard costing. Actual data relating to January and March 2020 are as follows to view the data) The selling price per unit is $2,700 The budgeted level of production used to calculate the budgeted fixed manufacturin per unit is 1,000 units. There are no price, efficiency, or spen variances Any production-volume variance is written off to co goods sold in the month in which it occurs Read the requirements *** Hent 1. P costing X fing and (b) Requirements le incom the top o balan helds Enter 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 20 Print Done