Part 1 of 9 HW Score: 57.83%, 23.13 of 40 points O Points: 0 of 5 Save 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 (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 1,100 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 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 (Compiele ait input fields Enter a "0" for any zero balance accounts) January 2020 February 2020 March 2020 III Clic! Data Table January February March ren ar Unit data Beginning inventory Production 150 pa 150 1,100 1,075 1,140 ete " Sales 950 1,075 1,205 Variable costs 800 $ $ 800 $ $ 475 $ 800 475 $ 475 Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs Manufacturing costs Operating (marketing) costs $ 550,000 $ 550,000 $ $ 200,000 $ 200,000 $ 550,000 200,000 Print Done Read the requirements Requirements 1. Prepare income statements for Amazing Screen 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. Print Done