FestRide Motors escamoles and selle motor vehicles and uses standard costing. Actual data relating to April and May 2017 ere as follows: (Click the icon to viaw the data.) The selling price per vehicle is $27,000. The budgeted level of production used to calculate the budgeled lixed manufacturing cost per unit is 400 units. There are no price, elficiency, or spending varianos. Any production-voluire variance is willen or lo cusl of goods sold in the month in which cours. Read the requirements Requirement 1. Prepare Apri and May 2017 income statements for FastRide Malors under (a) variable casting and (b) abesaration costing. (a) Prepare Auri and May 2017 inwumie slatenents for FastRide Malors under variable cosling. Corriplele the top half of the incolle slalerieril for each month first, there complele the ballon portion. Complele all answer boxes. Enler a "O" for any zer balance accurils.) April 2017 May 2017 i Dala Table April May Unit data: Beginning inveniory 400 300 $ Production Sales Variable casts: Manufacturing cost per unit produced Operaling (marketing) cost per unit sald Fixed costs: Manufacturing coets Operating marketing) costs 9,500 S 2,200 9,500 2,200 i Requirements $ 2400,000 $ 675,000 2,400,000 75.000 1. Prepare April and May 2017 Income statements for Featrice Motors under (a) variable coating and ) absorption costing 2. Prepare a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption coating. Print Done