a)

info)

b)

for parts a or b the dropdown choices are the same for all the first column

Requirement 2:

2nd and 3rd dropdown choices are decrease or increase

Speedy Motors assemblen und solo motor vehicles and uses standard conting. Actual data relating to Apri and May 2017 aro m follows: (Click the loon to view the data) The selling price per valide is $22,000. The budgeted level of production used to calculate the budgeted fund manufacturing cost per unit is 600 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 cours Read the rourements Requirement 1. Prepare Apri and May 2017 income statements for Speedy Motors under (s) variable costing and absorption costing () Prepare April and May 2017 income statements for Speedy Motors under variable conting Complete the top hall of the income statement for each month first, the complete the bottom portion (Complete auwe boxes. Enter a "for any zer balance cours) April 2017 May 2017 Choose from any list or enter any number in the input fields and then continue to the next question Save for Lanter 19. Actual da rodong to Aphi and May 2017 are as follows: (Click the icon to view the data.) The selling price per vehicle is $22,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 600 units. production volume variance is written off to cost of goods sold in the month in which it occurs. Read the requirements. (b) Prepare April and May 2017 income statements for Speedy Motors under absorption costing. Complete the top half of the income statement for each any zero balance accounts. Label any variances as favorable (F) or unfavorable (U) If an account does not have a variance, do not select a label.) Choose from any list or enter any number in the input fields and then continue to the next question Save for Later MacBook Pro Speedy Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 am (Click the icon to view the data.) H level of production used to calculate the budgeted fixed manufacturing ods sold in the month in which it occurs. Adjustment for production-volume variance Allocated fixed manufacturing costs Beginning inventory Contribution margin Cost of goods available for sale Deduct ending inventory Fixed manufacturing costs Fixed operating costs Gross margin Operating income Revenues Variable cost of goods sold Variable manufacturing costs Variable operating costs (b) Prepare April and May 2017 income statements for Speedy Motors under absorption costing. Complete the top half of the incc any zero balance accounts. Label any variances as favorable (F) or unfavorable (u). If an account does not have a variance, do Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later uses standard costing. Actual data relating to April and May 2017 are as follows: X Data Table there are ng evel of po s sold in April May Unit data: 0 100 Beginning inventory Production 600 500 Sales 500 580 Variable costs: $ 9,000 9,000 $ 3,400 3,400 Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ 2,250,000 $ 2.250,000 675,000 675,000 month first, the or Speedy savorable (F) Print Done nput fields and then continue to the next question. MacBook Pro F4 FS FB F9 The soling price per vehicle is $22.000. The budgeted level of production used to calculate the budgeted fed manufacturing cost per unit is 600 units. There are no prion, efficiency, or spending variances. Any production volume variance is written off to cost of goods sold in the month in which occurs Read the requirements (b) Prepare April and May 2017 income statements for Speedy Motors under absorption costing. Complete the top half of the income statement for each month first, then complete the bottom portion (Enter a for any oro balance accounts. Label any variances as favorable (F) or unfavorable (U) If an account does not have a variance, do not select a label.) April 2017 May 2017 Choose from a list or enter any number in the input fields and then continue to the next question Save for Later Speedy Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows: !!! (Click the icon to view the data.) The selling price por vehicle is $22,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 600 units. There are no production-volume variance is written off to cost of goods sold in the month in which it occurs. Read the requirements DIDO Requirement 2. Prepare a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption Begin by determining the formula that will highlight the difference between the operating income under each method. Then complete the equation for each month. (Abtu Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later MacBook Pro level of production used to calculate the budgeted fixed manufacturing cost per unit is 600 ds sold in the month in which it occurs. Adjustment for production-volume variance Allocated fixed manufacturing costs Beginning inventory Contribution margin Cost of goods available for sale Deduct ending inventory Fixed manufacturing costs Fixed operating costs Gross margin Operating income Revenues Variable cost of goods sold Variable manufacturing costs Variable operating costs Requirement 2. Prepare a numerical reconciliation and explanation of the difference between operating income for each month under variable co Begin by determining the formula that will highlight the difference between the operating income under each method. Then complete the equation Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later MacBook Pro Read the requirements Requirement 2. Prepare a numerical reconciation and explanation of the difference between operating income for each month under variable costing and absorption costing Begin by determining the formula that will highlight the difference between the operating income under each method. Then complete the equation for each month. (Abbreviations used: Beg Beginning, End. - Ending Var Variable, Mig Manufacturing Complete all we boxes. Enter a "O" for any oro balance accounts) Absorption-couting Variable-couting operating income operating income Apr May The difference between absorption and variable costing is de solely to moving into inventories as inventories and out of inventories as they Choose from any stor enter any number in the input fields and then continue to the next question 2 Save for The soling price per vehicle is $22,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 600 units. There are no price, hidency, or spending variances. Any production volume variance is written off to cost of goods sold in the month in which it cours. Read the requirements Requirement 2. Prepare a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption costing. Begin by determining the formula that will highlight the difference between the operating income under each method. Then complete the equation for each month. (Abbreviations used: Bog. - Beginning, End. - Var. - Variable, Mig - Manufacturing Complete all answer boxes. Enter a "O" for Absorption costing Variable-costing food manufacturing costs operating Income operating income- fed operating costs Apr variable manufacturing costs May variable operating costs The difference between absorption and variable costing is de solely to moving into inventories as inventories and out of inventories as they Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later