Accelerate 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 per vehicle is $30,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 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. Read the requirements. Data Table Requirement 1. Prepare April and May 2017 income statements for Accelerate Motors under (a) variable costing and (b) absorp (a) Prepare April and May 2017 income statements for Accelerate Motors under variable costing. Complete the top half of the ind ans April May i Requirements y 2017 Unit data: 0 50 Beginning Inventory Production 500 425 Sales 450 450 1. Prepare April and May 2017 income statements for Accelerate Motors under (a) variable costing and (b) absorption costing. 2. Prepare a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption costing S 8,000 $ 8,000 3.400 3,400 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs Print Done S 2,400,000 $ 2,400,000 700,000 700,000 Choose from any list or enter any number in the input fields and then click Check Answer. 7 parts remaining Clear All Print Done