TV Plus Corporation manufacturers and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are attached.

The selling price per unit is $2,200. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,500 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost if goods sold in the month in which it occurs.

1. Prepare income statements for TV Plus in January, February, and March 2017 under (a) variable costing and (b( absorption costing. 2. Explain the difference in operating income for Januray, February, and March under variable cksting and absorption costing.

umumiy vandles. Any production goods sold in the month in which it occurs. Read the requirements in January, February, and M 0 Data Table ebruary, and March of 2017 month first, then complete the January February anuary 2017 March Unit data: Beginning inventory Production 150 150 1,475 1,475 1,500 1,350 Sales 1,575 1,600 750 Variable costs Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs Manufacturing costs Operating (marketing) costs 750 $ 750 $ 750 S 750 $ $ 750 $ $ 525,000 $ 160,000 $ 525,000 $ 160,000 $ 525,000 160,000 elds and then click Ched Print Done Clear All