Exam 4 K Part 1 of 8 Points: 0.68 of 11 Accolorato Motors assembles and sells...

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Exam 4 K Part 1 of 8 Points: 0.68 of 11 Accolorato 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 $21,000 The budgeted level of production used to calculate the hudoaledi production volume variance is written off to cost of goods sold in the month i Requirements 1. Prepare April and May 2020 income statements for Accelerate Motors under (a) variabla 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 table 1 2 Unit data 3 Beginning inventory 4 Production 5 Sales B April May 0 50 500 425 450 435 Print Done this Etext pages Calculator 6 Variable costs 7 Manufacturing cost per unit produced 5 8 Operating (marketing) cost per unit sold 11,000 $ 2.400 11,000 2.400 9Fixed costs 10 Manufacturing costs: 11 Operating (marketing) costs $ 2.400,000 $2,400,000 650,000 650,000 Print Done Clear all

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