Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2014 are as? follows: The selling price per vehicle is $ 29000. 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. Requirements

1. Prepare April and May 2014 income statements 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.

ACCT302 (Sp18) - MW 11:30AM Jesse Jaya 5/7/18 8:37 PM Homework: Chapter 9 Homework Save Score: 0 of 1 pt 1 of 5 (2 complete) HW Score: 9.09%, 0.45 of 5 pts E9-16 (similar to) Question Help Champion Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2014 are as follows: EEB (Click the icon to view the data.) The selling price per vehicle is $29,000. The budgeted level of production-volume variance is written off to cost of goods sold in Requirements 1. Prepare April and May 2014 income statements for Cham 2. Prepare a numerical reconciliation and explanation of the here are no price, efficiency, or spending variances. Any Data Table costing. April May Requirement 1. Prepare April and May 2014 income Unit data month first, then complete the bottom portion. (Enter a "O" for (a) Prepare April and May 2014 income statements for Champio any zero balance accounts.) Beginning inventory 100 500 570 600 Sales 500 Variable costs $ 8,000 $ 8,000 Manufacturing cost per unit produced Operating (marketing) cost per unit sold 2,000 2,000 Fixed costs Manufacturing costs Operating (marketing) costs $ 2,400,000 $ 2,400,000 675,000 675,000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Clear All Check Answer remaining