Nascar Motors assembles and sells motor vehicles and uses standard casting. Actual data relating to April and May 2017 are as follows: (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 400 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 requirements - X Requirement 1. Prepare April and May 2017 income statements for Nascar Motors under (a) variable costing and (b) absorption costing. (a) Prepare April and May 2017 income staternents for Nascar Molors under variable costing. Complete the top half of the income statement for each month first, there complete the bottom portion. (Complete all answer boxes. Enter a "' for any zero balance accounts.) April 2017 May 2017 i Data Table Revenues $ 6,750.000 $ 12,285,000 Variable cost of goods sold: April May Boginning inventory S 0 $ 1,575,000 Unit data Variable manufacturing costs 4.200.000 3,412,500 Beginning inventory 150 Cost of goods available for sale 4,987,500 Production 325 Sales 250 455 i Requirements Variable costs: Variable Manufacturing cost per unit produced $ 10,500 $ 10,500 Contrib 1. Prepare April and May 2017 income statements for Nascar Motors under (a) Variable Operating (marketing) cost per unit sold 2,800 2,800 costing and (b) absorption costing Fixed costs: 2. Prepare a numerical reconciliation and explanation of the difference between Manufacturing costs $ 2.400 add $ 2.400,000 operating income for each month under variable costing and absorption costing Operating (marketing) casts 625,000 $25,000 4200,000 Ded Ta'ala Print Done Print Dune