Homework: Absorption VS Variable Costing Assignment Question 3, *Exercise 9-... Part 1 of 8 HW Score: 0%, 0 of 4 points O Points: 0 of 1 O Save Champion Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2018 are provided. (Click 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 rate variances. Any production-volume variance is written off , . - to COGS in the month in which it occurs. Required 1. Prepare April and May 2018 statements of comprehensive income for Champion Motors under (a) variable 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. - X Data Requirement 1a. Prepare April and May 2018 statements of comprehensive income for Champion Motors under variable costing. Complete the top half of the statement of comprehensive income for each month first, and then complete the bottori portion. (Enter a "O" for any 4 April 2018 May 2018 April May Unit data: 0 150 600 500 450 620 Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ 11.000 $ 11,000 Less: 2,400 2,400 $ 2,250,000 $ 2,250,000 550,000 550,000