16 FastTrack Motors assembles and sells motor vehicles and u (Click the icon to view the data) The selling price per vehicle is $30,000. The budgeted level a variance is written off to cost of goods sold in the month in w Reade Data table Requirement 1. Prepare April and May 2020 income stateme (a) Prepere April and May 2020 income statements for Fast for any zem hence accounts) price, efficiency, or spending variances. Any production-volume 1 B C April May 2 Une data 3 Beginning inventory 150 4 Production 600 525 5 Sales 450 635 Variable cos hen complete the bottom portion (Complete al input fields Enter 7 Manufacturing cost per unit produced " 0 Operating (marketing) cost per unit sold Find costs 0.000 $ 2,400 8,000 2,400 10 Manufacturing co Revenues Variable cost of goods sold Beginning inventory Vanatie manufacturing co Cost of goods available for sa Deduct ending inventory Viable cost of goods sold Virtable cperating co 11 Operating marketing) costs $ 2,250,000 $2,250,000 550,000 Print Done 550.000 FasTrack Motors assembles and sells motor vehicles and uses standard costing Actual data relating to April and May 2020 are as follows Cick the loan to view the da The selling price per vehicle is $30,000. The budgeted level of production used to calculate the budgeted fixed manufacturing ocet per unit is 000 units. There are no price, eficiency, or spending variances Arty production-volume variance it written off to cost of goods sold in the month in which it occurs Read the murements Requirement 1. Prepare April and May 2020 income statements for FastTrack Motors under (a) variable costing and 0) absorption coating (a) Prepare April and May 2020 income statements for FastTrack Motors under variable costing. Complete the top half of the income statement for each month first, then compile the bottom portion (Complete at input feus Enter a "" for any ere balance ancora) Vanable cost of goods so Degening inventory Varable manufacturing costs Cost of goods available for sale Deduct ending inventory Varatie cost of goods sold Vartable operating costs Contibutos margin April 2020 May 2020 135000 19000000