Champion Mctors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May are provided. (Click to view the data.) The scling price per vehicle is $27,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 400 units. There are no price, efficiency, or rate variances. Any production volume variance is written off to COGS in the month in which it occurs. Required 1. Prepare April and May statements of comprehensive income for Champion 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. Data C Requirement 1a. Prepare April and May statements of comprehensive income for Champion Motors under variable costing. Complete the top half of the statement of comprehensive income for each month first, and then complete the bottom portion. (Enter a "0" for any zero balance accounts.) Revenue Variable costs: Beginning Inventory Variable manufacturing costs Cost of goods available for sale Less: Ending inventory Variable cost of goods sold Variable operating costs Total operating costs Operating income April $ 6,750,000 $ 0 May $ 12,285,000 4050000 Unit data Beginning inventory Production Sales April May 0 150 400 325 250 455 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unl: sold Fixd costs: $ 9,500 $ 2,200 9,500 2,200 Manufacturing costs Operating (marketing) costs $ 2,400,000 $ 500,000 2,400,000 500,000 Print Donc - X