Salem Screen Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows: (Click to view the data.) The selling price per unit is $2,700. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,000 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 Salem Screen in January, February, and March 2017 under (a) variable costing and (b) absorption costing. (a). Prepare income statements for Salem Screen in January, February, and March of 2017 under variable costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all answer boxes. Enter a "0" for any zero balance accounts.) January 2017 February 2017 March 2017 Choose from any list or antar anumber in the innut fields and then click Check Answer X i Requirements 1. Prepare income statements for Salem Screen in January, February, and March 2017 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. January 2017 February 2017 March 2017 Choose from any list or enter any number in the input fields and then click Check Answer. Salem Screen Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows: (Click to view the data.) The selling price per unit is $2,700. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,000 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 Salem Screen in January, February, and March 2017 under (a) variable costing and (b) absorption costing. (a). Prepare income statements for Salem Screen in January, February, and March of 2017 under variable costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all answer boxes. Enter a "0" for any zero balance accounts.) January 2017 February 2017 March 2017 Choose from any list or antar anumber in the innut fields and then click Check Answer X i Requirements 1. Prepare income statements for Salem Screen in January, February, and March 2017 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. January 2017 February 2017 March 2017 Choose from any list or enter any number in the input fields and then click Check
