Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May $2020$ are as$$ follows:Read the requirements.

Data table

Requirement $1.$ Prepare April and May $2020$ income statements for Speedy Motors under $($a$)$

a$)$ Prepare April and May $2020$ income statements for Speedy Motors under variable costing.

Complete all input fields. Enter a $"0"$ for any zero balance accounts.$)$

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The selling price per vehicle is $ $26$ comma $000.$ 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.