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I got this and have trouble with answers? ClearView Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January,
I got this and have trouble with answers?
ClearView 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 $2,200. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,500 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 rep E: (Click to view the data.) . Data Table Requirement 1. Prepare income statements for Clear View in January, February, and March 2020 under (a) variable costing ar (a). Prepare income statements for ClearView 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 January February March Unit data: January 2020 February 2020 March 2020 0 100 100 Beginning inventory Production 1,500 1,475 1,525 Sales 1,400 1,475 1,555 0 $ Revenues Variable cost of goods sold: Beginning inventory Variable manufacturing costs Cost of goods available for sale Deduct ending inventory Variable cost of goods sold 800 $ 800 $ 800 $ 700 $ 700 $ 700 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ 525,000 $ 525,000 $ 525,000 $ 150,000 $ 150,000 $ 150,000 Variable operating costs margin III Print DoneStep by Step Solution
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