Salem 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: B (Click the icon to view the actual data.) The selling price per unit is $3,600. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,300 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. The variable ma E (Click the ice Salem Screen po (Click the ice (Click the ic Read the require Requirement 1. Prepare income statements for Salem Screen in January, February, and March 2020 under throughput costing. Begin by completing the top portion of the statement, then the bottom portion. (Enter a "O" for any zero balance accounts.) January 2020 February 2020 March 2020 Revenues Direct material cost of goods sold: Beginning inventory Direct materials in goods manufactured Cost of goods available for sale Deduct ending inventory Total direct material cost of goods sold Throughput margin ull January February March $ 225 $ 225 $ 225 Direct material cost per unit Direct manufacturing labor cost per unit Manufacturing overhead cost per unit 50 50 50 325 325 325 $ $ 600 $ 600 $ 600 January February March 150 0 1,300 150 1,250 1,250 1,325 1,150 1,380 Unit data: Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ 600 $ $ 600 $ 475 $ 600 $ 475 $ 475 533,000 $ $ 533,000 $ 533,000 $ 160,000 $ 160,000 $ $ 160,000 1 Variable costing income statement Next Question January 2020 $ 4,140,000 February 2020 $ 4,500,000 March 2020 $ 4,968,000 $ $ $ 0 780,000 90,000 750,000 90,000 795,000 780,000 (90,000) 840,000 (90,000) 885,000 (57,000) Revenues Variable costs: Beginning inventory Variable manufacturing costs Cost of goods available for sale Less: Ending inventory Variable cost of goods sold Variable operating costs Total variable costs Contribution margin Fixed costs: Fixed manufacturing costs Fixed operating costs Total fixed costs 690,000 546,250 750,000 593,750 828,000 655,500 1,236,250 1,343,750 1,483,500 2,903,750 3,156,250 3,484,500 533,000 160,000 533,000 160,000 533,000 160,000 693,000 693,000 693,000 I Absorption costing income statement Next Question January 2020 $ 4,140,000 February 2020 $ 4,500,000 March 2020 $ 4,968,000 $ 0 780,000 533,000 151,500 750,000 512,500 $ 151,500 795,000 543,250 1,489,750 Revenues Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory Adj. for production-volume variance Cost of goods sold Gross margin Operating costs: Variable operating costs Fixed operating costs 1,313,000 (151,500) 0 1,414,000 (151,500) (95,950) 20,500 (10,250) F 1,161,500 1,283,000 1,383,550 2,978,500 3,217,000 3,584,450 546,250 160,000 593,750 160,000 655,500 160,000 Total operating costs 706,250 753,750 815,500