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I am having trouble with this? Amazing Screen Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February,
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Amazing Screen Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2020 are as follows: The selling price per unit is $2,600. The budgeted level of production used to calculate the budgeted fixed 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 B (Click to view the data.) Data Table Requirement 1. Prepare income statements for Amazing Screen in January, February, and March 2020 under (a) variable cos (a). Prepare income statements for Amazing Screen in January, February, and March of 2020 under variable costing. January February March Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all input fields Unit data: January 2020 February 2020 March 2020 0 150 150 Beginning inventory Production 1,400 1,350 1,425 Sales 1.250 1.350 1,470 $ 800 $ 800 $ 800 $ 825 $ 825 $ 825 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ 490,000 $ 490,000 $ 490,000 $ 140,000 $ 140,000 $ 140,000 Print DoneStep by Step Solution
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