Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May are as follows: LOADING...(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 occurs. Read the requirementsLOADING.... Requirement 1. Prepare April and May income statements for Motors under (a) variable costing and (b) absorption costing. (a) Prepare April and May income statements for Motors under variable costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all input fields. Enter a "0" for any zero balance accounts.) April 2020 May 2020

	A	B	C
1		April	May
2	Unit data:
3	Beginning inventory	0	50
4	Production	700	600
5	Sales	650	625
6	Variable costs:
7	Manufacturing cost per unit produced	$9,000	$9,000
8	Operating (marketing) cost per unit sold	3,200	3,200
9	Fixed costs:
10	Manufacturing costs	$2,100,000	$2,100,000
11	Operating (marketing) costs	750,000	750,000