I really need would like some help with this ... worked out and why. Cost Accounting is not my expertise.

Salern Sareen Corporation manufactures and sels 50-inch television sets and uses standard casting. Actual data relating to January February, and March 2017 are as follows: (Click to view the data.) The selling price per unit is $3,200. 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 accurs. Read the resuirements Requirement 1. Prepare income statements for Salern 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 "" for any zero balance accounts.) January 2017 February 2017 March 2017 - X Data Table January February March D 150 150 975 1.000 850 1,040 1,050 975 Unit data: Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating Imarketing cost per unit sold Fixed costs: Manutecturing costs Operating marketing) costs $ 750 S 750 750 $ 750 $ $ 750 S 750 - X Requirements $ 420,000 $ 420,000 S $ 150.000 $ 150,000 S 420,000 150,000 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 Print Done Print Print Done Clear All Check