Champion 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.) The selling price per vehicle is $25,000. The budgeted level of production used to calculate the budgeted fixed 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 it occurs. Read the requirements. Data table A B C April May 1 2 Unit data: 34 Beginning inventory Production 5 Sales 0 100 600 500 500 580 67 6 Variable costs: Manufacturing cost per unit produced $ 11,500 $ 11,500 8 Operating (marketing) cost per unit sold 3,200 3,200 9 Fixed costs: 10 Manufacturing costs 11 Operating (marketing) costs $ 2,250,000 $2,250,000 700,000 700,000 Print Done Requirements 1. Prepare April and May 2020 income statements 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. Print Done