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Nascar Motorn assembles and sells motor vehicles and uses standerd costing Actual data relating to Apin and May 2020 are as follows: icick the icon
Nascar Motorn assembles and sells motor vehicles and uses standerd costing Actual data relating to Apin and May 2020 are as follows: icick the icon to vient the data) spending variances. Any production.volume variance is wniten off to cost of goods sold in the month in which it occurs. Raad the reguirements Requirement 1. Prepare Aprit and May 2020 income stalements for Nascar Motors under (a) variacle costng and (b) absorption costing. (a) Prepare Apal and May 2020 income statements for Nascar Motors under vanable costina. Complete the top half of the income statement for each month first, then complete the botiom portion. (Combiote all input fields Enter a "Dr for any zoro balance accounta) Data table psorption costing. ho income statement for each month first, then complete Requirement 1. Prepare April and May 2020 income statements for Nascar Motors under (a) variable costing and (b) absorption costing (a) Prepare April and May 2020 income statements for Nascar Motors under variable costing. Complete the top half of the income statement for each m bottom portion. (Complete all input fields. Enter a " 0 " for any zero balance accounts.) Requirements 1. Prepare April and May 2020 income statements for Nascar 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
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