FastRide Motors assembles and sets motor vehicles and uses standard costing Actual data and vanable costing andabsorphon costing income statements relating to April and May 2017 are as follows Click the icon to view the data) Click the icon to view the variable costing income statements) Click the icon to view the absorption costing income statements) The variable manufacturing costs per unit of FastRide Molors are as follows Click the icon to view the variable manufacturing costs per unit) Read the requirements Requirement 1. Prepare income statements for FastRide Motors in April and May 2017 under throughput costing Begin by completing the top portion of the statement, then the bottom portion (Complete all answer boxes Enter a "0" for any 2010 amounts) April 2017 May 2017 Revenues Direct material cost of goods sold Beginning inventory Direct materials Cost of goods available for sale Deduct ending inventory Total direct material cost of goods sold Throughput margin UNE absorption costing income statements.) M. Data Table 0 April May os Unit data 0 150 Beginning inventory Production 500 425 Sales 350 545 for Variable costs . $ 8,000 $ 8,000 co Manufacturing cost per unit produced Operating (marketing) cost per unit sold 4.000 4,000 Fixed costs Manufacturing costs $ 2,000,000 S 2,000,000 Operating (marketing) costs 700.000 700,000 The selling price per vehicle is $23,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 500 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 Print Done X variable costing income statements April 2017 $ 8,050,000 May 2017 S 12,535,000 ria S 0 $ 1,200,000 3,400,000 ang hard 4,000,000 4,000,000 (1,200 000) 2 800,000 1,400,000 4,600,000 (240,000) god Revenues 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 variable costs Contribution margin Fixed costs Fixed manufacturing costs Fixed operating costs Total fixed costs end 4,360,000 2,180,000 al dil 6,540,000 ut mi 4,200,000 3,850,000 5,995,000 2,000,000 700,000 2,000,000 700,000 2,700,000 Me s 2,700,000 $ 1,150,000 s 3.295,000 Che Operating income Print Done 14 01 20 pommes absorption costing income statements re del da ito hic lic April 2017 $ 8050,000 May 2017 $ 12,535,000 lice S 0 $ 1,800,000 3,400,000 1700,000 4,000,000 2,000,000 rer by Revenues Cost of goods sold Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Less Ending inventory Adjustment for production-volume vanance Cost of goods sold Gross margin Operating costs Variable operating costs Fixed operating costs Total operating costs 6,000,000 (1,800,000) 0 6,900 000 (360,000) nue 300,000 im 6,840,000 4,200,000 3,850,000 5,695,000 legi Direg Sost 2,180,000 700.000 Dedi 1,400,000 700,000 2,100,000 $ 1,750,000 2,880,000 $ 2,815.000 ough Operating income Print Done In Me Solve This Text Pages Get More Heln DAN Check Costing nd absorption costing income statements as follows: a.) able costing income statements.) sorption costing income statements) The variab anutacturing costs per Click the icon to view the variable manufa Data Table Rebu to reganements " BE stat Data Table on o ro am ld Direct material cost per unit Direct manufacturing labor cost per unit Manufacturing overhead cost per unit April May $ 6,500 $ 6,500 1,400 1,400 100 100 sale st of gg Print Done (Click the icon to view the variable manufacturing cost 2017 are as follows: the data) w the variable costing income statements.) ww the absorption costing income statements.) Read the requirements + Incom Requirements top po unts) oods s 1. Prepare income statements for FastRide Motors in April and May 2017 under throughput costing 2. Contrast the results in requirement 1 with the absorption and variable costing income statements presented 3. Give one motivation for FastRide Motors to adopt throughput costing ble for tory Print Done ial cog is e Text Pages Get More Help - Clear All Ch