I really need would like some help with this ... worked out and why. Cost Accounting is not my expertise.

Cool Ride Motors assembles and sells motor vehicles and uses standard oosting. Actual data relating to April and May 2017 are as follows: (Click the icon to view the data.) The selling price per vehicle is $27.000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 700 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 coeurs. Road the requirements Requirement 1. Prepare April and May 2017 income statements for Coal Ride Motors under (a) variable costing and (b) absorption costing. (a) Prepare April and May 2017 income statements for Cool Ride 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 av for any zero balance accounts.) April 2017 May 2017 - X Data Table April May Unit dala: 0 50 Beginning inventory Production 650 700 650 Sales 675 S 9,000 9,000 $ 3,800 - X 3,800 Requirements Variable costs: Manufacturing cost per unit produced Operating marketing) cost per unit sold Fbed costs: Manufacturing costs Operating (marketing costs S 2.100,000 $ 2,100,000 500,000 500,000 1. Prepare April and May 2017 income statements for Cool Ride Motors under (a) variabile casting 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 casting Print Done Choose from any list or enter any number in the input the Print Help Me Solve This eText Pages Get Done Clear All Check