Please complete Requirements 1,2, and 3.

Homework: Chapter 9 Exercises Question 2, E9-22 (simil... Part 1 of 4 HW Score: 0%, 0 of 20 points O Points: 0 of 4 Save The variable manufacturing costs per unit of Race Track Motors are as follows: :: (Click the icon to view the variable manufacturing costs per unit.) Race Track Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows: E (Click the icon to view the data.) (Click the icon to view the variable costing income statements.) (Click the icon to view the absorption costing income statements.) Data table April May Requirement 1. Prepare income statements for Race Track Motors in April and May 2017 under throughput costing. Begin by completing the top portion of the statement, then the bottom portion (Complete all answer boxes. Enter a "0" for any zero a Unit data April 2017 0 May 2017 150 Beginning inventory Production Revenues 400 325 455 Sales 250 Variable costs: Manufacturing cost per unit produced $ 11,000 $ 11,000 Operating (marketing) cost per unit sold 3,800 3,800 Fixed costs: Manufacturing costs $ 2,000,000 $ 2,000,000 Operating (marketing) costs 725,000 725,000 The selling price per vehicle is $28,000. 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. Requirements D Data table 1. Prepare income statements for Race Track Motors in April and May 2017 under throughput costing 2. Contrast the results in requirement 1 with the absorption and variable costing income statements presented. 3. Give one motivation for Race Track Motors to adopt throughput costing. Direct material cost per unit April May $ 7,200 $ 7,200 1,800 1,800 Direct manufacturing labor cost per unit Manufacturing overhead cost per unit 2,000 2,000 Print Done = Homework: Chapter 9 Exercises Question 2, E9-22 (simil... Part 1 of 4 HW Score: 0%, 0 of 20 points O Points: 0 of 4 Save The variable manufacturing costs per unit of Race Track Motors are as follows: E: (Click the icon to view the variable manufacturing costs per unit.) Race Track Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows: (Click the icon to view the data.) . (Click the icon to view the variable costing income statements.) (Click the icon to view the absorption costing income statements.) Read the requirements. Absorption costing income statements Requirement 1. Prepare income statements for Race Track Motors in April and May 2017 under throughput costing Begin by completing the top portion of the statement, then the bottom portion (Complete all answer boxes. Enter a April 2017 April 2017 May 2017 May 2017 $ 12,740,000 Revenues $ 7,000,000 Revenues $ 0 $ 2,400,000 4,400,000 2,000,000 3,575,000 1,625,000 6,400,000 (2,400,000) 0 Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory Adjustment for production-volume variance Cost of goods sold Gross margin Operating costs: Variable operating costs Fixed operating costs Total operating costs 7,600,000 (320,000) 375,000 U 4,000,000 7,655,000 3,000,000 5,085,000 950,000 725,000 1,729,000 725,000 1,675,000 2.454,000 $ 1,325,000 $ 2,631,000 Operating income Print Done = Homework: Chapter 9 Exercises Question 2, E9-22 (simil... Part 1 of 4 HW Score: 0%, 0 of 20 points O Points: 0 of 4 Save The variable manufacturing costs per unit of Race Track Motors are as follows: B (Click the icon to view the variable manufacturing costs per unit.) Race Track Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows: (Click the icon to view the data.) (Click the icon to view the variable costing income statements.) 5 Click the icon to view the absorption costing income statements.) Read the requirements Variable costing income statements Requirement 1. Prepare income statements for Race Track Motors in April and May 2017 under throughput costing. Begin by completing the top portion of the statement, then the bottom portion. (Complete all answer boxes. Enter a "0" for any April 2017 April 2017 May 2017 May 2017 $ 12,740,000 Revenues S 7.000.000 Revenues Variable costs $ 0 $ 1,650,000 3,575,000 4,400,000 4,400,000 (1,650,000) 5,225,000 (220,000) 2,750,000 950,000 5,005,000 1,729,000 Beginning inventory Variable manufacturing costs Cost of goods available for sale Less: Ending inventory Variable cost of goods sold Variable operating costs Total variable costs Contribution margin Fixed costs: Fixed manufacturing costs Fixed operating costs Total fixed costs 3,700,000 6,734,000 3,300,000 6,006,000 2,000,000 725,000 2,000,000 725,000 2.725,000 2,725,000 $ 575,000 $ 3,281,000 Operating income