E9-21 (similar to) Nascar 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 $26,000. 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 Question Help sold in the month in which it occurs. Read the requiremants Requirement 1. Prepare April and May 2017 income statements for Nascar Motors under (a) variable costing and (b) absorption costing (a) Prepare April and May 2017 income statements for Nascar Motors under varable costing. Complete the top half of the income statament for each month first, then complate the bottom portion. (Complete all answer boxes. Enter a "0" for any zero balance accounts) May 2017 April 2017 Data Table May April Unit data: Beginning inventory Production Sales 150 550 660 600 450 Variable costs Manufacturing cost per unit produced 2,000 Operating (marketing) cost per unit sold 2,000 2 400 2,400 Requirements Fixed costs Manufacturing costs Operatng (marketing) costs $ 2250,000 S 2,250,000 550,000 550,000 1. Prepare April and May 2017 income statements for Nascar Motors under (a) variable casting and (b) absarption costing 2. Prepare a numerical reconciliation and explanation of the difference between Print Done operating income for each month under variable costing and absorption costing Print Done 7 Clear All Check