Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May $2020$ are as follows:

$($Click the icon to view the data.$)$ to cost of goods sold in the month in which it occurs.

Read the recuirements.

Requirement $1.$ Prepare April and May $2020$ income statements for Accelerate Motors under $($a$)$ variable costing"and $($b$)$ absorption costing. zero balance accounts.$)$

April $2020$

Dat$$ table

$\backslash$table$[[,$A$,,$B$,C$

Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May $2020$ are as follows

$($Click the icon to view the data$)$ off to cost of goods sold in the month in which it occurs.

Read the reguirements.

Requirement $1.$ Prepare Apiril and May $2020$ income statements for Accelerate Motors under $($a$)$ variabie costing$\text{'}$and $($b$)$ absorption costing. zero balance accounts.$)$

April $2020$

May $2020$

Data table

Requirements

$\backslash$table$[[,$A$,,$B$,$C$],[1,,,$April,May$],[2,$Unit data:,,,$],[3,$Beginning inventory,,$0,100],[4,$Production,,$600,550],[5,$Sales,,$500,625],[6,$Variable costs:,,,$],[7,$Manulacturing cost per unit produced,$$,8,500,8,500],[8,$Operating $($marketing$)$ cost per unit sold,,$2,000,2,000],[9,$Fixed costs:,,,$],[10,$Manufacturing costs,$$,2,400,000,$$$2,400,000$