Please help with Part B

Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows: (Click the icon to view the data.) The selling price per vehicle is $26,000. 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 Read the requirements Requirement 1. Prepare April and May 2017 income statements for Accelerate Motors under (a) variable costing and (b) absorption costing (a) Prepare Aprl and May 2017 income statements for Accelerate Motors under variable costing. Complete the top half of the Income statement for each month first, then complete the bottom portion. (Complete all answer boxes. Enter a 0" for any zero balance accounts.) April 2017 May 2017 Revenues S 10,400,000 11,960,000 Variable cost of goods sold: $ 1,050,000 S Beginning inventory 0 5,250,000 4,200,000 Varlable manufacturing costs Cost of goods available for sale 5,250,000 5,250,000 (1,050,000) (420,000) Deduct ending inventory Variable cost of goods sold 4,200,000 4,830,000 1,120,000 1,288,000 Variable cperating costs 5,080,000 Contribution margin 5,842,000 Fixed manufacturing costs 2,200,000 2,200,000 675,000 675,000 Fixed operating costs S 2,205,000 $ 2,967,000 Operating income (b) Prepare April and May 2017 income statements for Accelerate Motors under absorption costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Enter a "0" for any zero balance accounts. Label any variances as favorable (F) or unfavorable (U). If an account does not have a variance, do not select a label.) i Data Table April 2017 May 2017 Revenues 10400000 11960000 Cost of goods sold: April May Beginning inventory 0 Unit data: Variable manufacturing costs Beginning inventory 0 100 Allocated fixed manufacturing costs 400 Production 500 Cost of goods available for sale Sales 00 46 Deduct ending inventory Variable costs: Cost of goods sold 10,500 $ 10,500 Manufacturing cost per unit produced Gross margin Operating (marketing) cost per unit sold 2,800 2,800 Variable manufacturing costs Fixed costs: $ 2,200,000 $ Manufacturing costs 2,200,000 Choose from any list or enter any number in the input fields and then click Check Answer. Operating (marketing) costs 675,000 675,000 parts remaining Clear All ver Done Print Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows: (Click the icon to view the data.) The selling price per vehicle is $26,000. 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 Read the requirements Requirement 1. Prepare April and May 2017 income statements for Accelerate Motors under (a) variable costing and (b) absorption costing (a) Prepare Aprl and May 2017 income statements for Accelerate Motors under variable costing. Complete the top half of the Income statement for each month first, then complete the bottom portion. (Complete all answer boxes. Enter a 0" for any zero balance accounts.) April 2017 May 2017 Revenues S 10,400,000 11,960,000 Variable cost of goods sold: $ 1,050,000 S Beginning inventory 0 5,250,000 4,200,000 Varlable manufacturing costs Cost of goods available for sale 5,250,000 5,250,000 (1,050,000) (420,000) Deduct ending inventory Variable cost of goods sold 4,200,000 4,830,000 1,120,000 1,288,000 Variable cperating costs 5,080,000 Contribution margin 5,842,000 Fixed manufacturing costs 2,200,000 2,200,000 675,000 675,000 Fixed operating costs S 2,205,000 $ 2,967,000 Operating income (b) Prepare April and May 2017 income statements for Accelerate Motors under absorption costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Enter a "0" for any zero balance accounts. Label any variances as favorable (F) or unfavorable (U). If an account does not have a variance, do not select a label.) i Data Table April 2017 May 2017 Revenues 10400000 11960000 Cost of goods sold: April May Beginning inventory 0 Unit data: Variable manufacturing costs Beginning inventory 0 100 Allocated fixed manufacturing costs 400 Production 500 Cost of goods available for sale Sales 00 46 Deduct ending inventory Variable costs: Cost of goods sold 10,500 $ 10,500 Manufacturing cost per unit produced Gross margin Operating (marketing) cost per unit sold 2,800 2,800 Variable manufacturing costs Fixed costs: $ 2,200,000 $ Manufacturing costs 2,200,000 Choose from any list or enter any number in the input fields and then click Check Answer. Operating (marketing) costs 675,000 675,000 parts remaining Clear All ver Done Print