please do all the requirements

Requirements

1. Prepare April and May 2020 income statements for Race Track 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.

Raco Track Motors assembles and sels motor vehicles and uses standard costing. Actual data relating to April and May 2020 are as folcws: AR (Cilik the icon to view the data.) The selling price per vehicle is $29,000. The budgeted level of production used to calculate the budgeted flxed manutacturing cost per unit is 7oo unita. There are no price, efficiency, ce spending. variances. Any production-volume variance is written oft to cost of goods sold in the month in which it occurs. Read the reguirements. Requirement 1. Prepare April and May 2020 income statements for Race Track Motors under (a) varlablo costing and (b) absorption costing (a) Prepare April and May 2020 incoms statements for Race Track Motors under variable costing. Complete the top half of the income stotement for each month test, then compleie the boltom. portion. (Complete all input fields. Enter a "0" for any zero balanco acoounts.) Race Track Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2020 are as follows: (Click the icon to view the data.) e selling price per vehicle is $29,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 7 riances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs. ad the requirements. Requirements 1. Prepare April and May 2020 income statements for Race Track 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