Homework: Absorption VS Variable Costing Assignment Save Score: 0 of 1 pt 3 of 4 (0 complete) HW Score: 0%, 0 of 4 pts *Exercise 9-16 (similar to) Question Help o 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 $29,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 500 units. There are no price, efficiency, or 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. 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 bottom portion. (Enter a "' for any zero balance accounts.) April 2018 May 2018 Data April May Unit data: 0 150 Less: Beginning inventory Production Sales 500 450 350 570 Variable costs: $ 11,000 $ 2,600 11,000 2,600 Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed posts: Manufacturing costs Operating (marketing) costs Choose from any list or enter any number in the input fields and then click Check Answer. ? $ 2,200,000 $2,200,000 750,000 750,000 7 remaining 7 Clear All heck