Cool Car Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May 2020 are as follows:

Requirement 1. Prepare income stakements for Cool Car Motors in Acril and May 2020 under troughput coeting Bogin by completeg the top portion of the stacement, then the bottom portion (Complete al input flelda. Eifier a 0 for any zero amourts) Data table The selling price per vehicle is $25,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 700 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. variable costing income statements absorption costing income statements Data table d absorption costing income statements relating to April and May 2020 are to view the data.) to view the variable costing income statements.) to view the absorption costing income statements.) Requirements 1. Prepare income statements for Cool Car Motors in April and May 2020 under throughput costing. 2. Contrast the results in requirement 1 with the absorption and variable costing income statements presented. 3. Give one motivation for Cool Car Motors to adopt throughput costing