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Score: 0.37 of 1 pt 6 of 9 (6 complete) HW Score: 58.9%, 5.3 of 9 pts 2x) E9-23 (similar to) Question Help ClearView Corporation
Score: 0.37 of 1 pt 6 of 9 (6 complete) HW Score: 58.9%, 5.3 of 9 pts 2x) E9-23 (similar to) Question Help ClearView Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows: The selling price per unit is $2,900. 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. Data Table - X Requirements January February March Unit data: Beginning inventory 0 100 100 1. Prepare income statements for ClearView 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. Production 1,000 975 1,030 Sales 900 975 1,050 Variable costs: $ Print Done 600 $ 600 $ 600 Manufacturing cost per unit produced Operating (marketing) cost per unit sold $ 625 $ 625 $ 625 OTO,UUU Fixed costs: $ 390,000 $ 390,000 Manufacturing costs Operating (marketing) costs 390,000 $ 120,000 $ $ 120,000 $ 120,000 Clearl
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