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Rea1l Rea1l
wrote...
Posts: 31
Rep: 1 0
3 years ago
I have uploaded and attached jpeg pictures too.

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 January, February, and March under variable costing and absorption costing.

TV Plus Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January. February. and March 2017 are as (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 ,500 units, There are no price, efficiency. or spending variances Any production volume variance is written Of to cost Of goods sold in the month in which it occurs.
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#1
Educator
3 years ago Edited: 3 years ago, bio_man
Hi Rea1l

This is one monster of a questions Smiling Face with Open Mouth

I found a question (+ its complete solution) that's nearly identical to yours, except a few changes in numbers. I'll start you off with it, and if you can't sort through the numbers, let me know and I'll give you a hand.



If you're having trouble opening the attachments, give me a shout.

Edited: I also found two other documents with similar questions +answers:

https://biology-forums.com/index.php?action=downloads;sa=view;down=14406
https://biology-forums.com/index.php?action=downloads;sa=view;down=14410
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