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Q Prepare your answer to the following Exercise from Chapter 9: E9-23 & Chapter 10: E10-25 . Please use Microsoft Word or Excel to complete this problem. Homework is due on Saturdays at the close of the week by Midnight. Homework assignments are worth 20% of your Final Course Grade.

Q 9-23 Variable and absorption costing, explaining operating-income differences. EntertainMe Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows:

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The selling price per unit is $3,300. 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 of goods sold in the month in which it occurs. 1. Prepare income statements for EntertainMe in January, February, and March 2017 under (a) variable costing and (b) absorption costing. January February March Beginning inventory 0 150 150 Production 1,500 1,400 1,520 Goods available for sale 1,500 1,550 1,670 Units sold 1,350 1,400 1,530 Ending inventory 150 150 140