Problem 1: Bigscreen Corporation manufactures and sells 50-inch television sets. The company uses FIFO actual motinn ovetom Antual data relatino to Inmiaru Fehniaru and March are: A fixed manufacturing cost rate is computed at the end of each month by dividing the actual fixed manufacturing costs by the actual production units. Required: Prepare income statements for each month under (1) absorption Costing, and (2) Variable Costing. Explain any differences in operating income for each month