Nascar Motors assembles and sells motor vehicles, and uses standard costing. Actual data relating to April and May 2017 are as follows: Home Insert Page Layout Formulas Data Review ril Ma 2 Unit data: 150 520 S 10,000 in 5 Sales 6 IVariable costs 7 Ma cost per unit cost per unit sold 3,000 9 Fixed costs 10 Manufacturing costs $2,000 600 2,000,000 costs 600,000 The selling price per vehicle is $24,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 500 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. Required: 1. Prepare April and May 2017 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