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Nascar Motors assembles and selis motor vehicles and uses standard costing. Aclual data relating to Aprl and May 2017 are as follows: (Click the icon

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Nascar Motors assembles and selis motor vehicles and uses standard costing. Aclual data relating to Aprl and May 2017 are as follows: (Click the icon to view the diatai) variances. Any production-volume varance is weitten off to cost of goods sold in the month in which it occurs. Read the requirmants. Requirement 1. Prepare April and May 2017 income statements for Nascat Motors under (a) variable costing and (b) atisorption costing. (Complete al antwer boxes. Enter a "or for any zero balance acoouns.) Data table Requirements 1. Prepare Apil and May 2017 treonie sabements for Nascat Mofors under (a) variable cossing and (b) absorphon costirg 2. Prepare a numerical reconcitation and explanaton of the difeeence between operating kocme for mach month under variable oouting and absoption

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