Homework: Home work Chapter 9 Score: 0 of 1 pt E9-21 (similar to) Save 11 of 11 (8 complete) HW Score: 63 64%, 7 of 11 pts Question Help * Race Track Motors assembles and sells motor vehicles and uses standard costing Actual data relating to April and May 2017 are as follows EE (Click the icon 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 spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs Read the requirements Requirement 1. Prepare April and May 2017 income statements for Race Track Motors under (a) variable costing and (b) absorption costing (a) Prepare April and May 2017 income statements for Race Track Motors under variable costing Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all answer boxes. Enter a "O" for any zero balance accounts.) April 201 Data Table April May Unit data: Beginning inventory Production Sales 50 575 585 600 550 Variable costs Manufacturing cost per unit produced Operating (marketing) cost per unit sold s 8,500 s 8500 4,000 S 4,000 Fixed costs Manufacturing costs Operating (marketing) costs $ 2,400,000 $ 2 400,000 725,000 725,000 Print Done