Please show all work, and fill in the blank on the left.
written off FastTrack Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2018 are provided. (Click to view the data.) The selling price per vehicle is $22,000. The budgeted level of production used calculate the budgeted fixed manufacturing cost per unit is 500 units. There are no price, efficiency, or rate variances. Any production-volume variance to COGS in the month in which it occurs. Required 1. Prepare April and May 2018 statements of comprehensive income for FastTrack Motors under (a) variable costing and (b) absorption costing. 2. Prepare a numerical reconciliation and explanation the difference between operating income for each month under variable costing and absorption costing. Requirement 1a. Prepare April and May 2018 statements of comprehensive income for Fast Track Motors under variable costing. Complete the top half of the statement of comprehensive income for each month first, and then complete the bottom portion. (Enter a "' for any zero balance accounts.) April 2018 May 2018 i Data April May Unit data: Beginning inventory Production 0 50 Less 450 500 450 Sales 475 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold $ 12,000 12,000 $ 2,200 2,200 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? written off FastTrack Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2018 are provided. (Click to view the data.) The selling price per vehicle is $22,000. The budgeted level of production used calculate the budgeted fixed manufacturing cost per unit is 500 units. There are no price, efficiency, or rate variances. Any production-volume variance to COGS in the month in which it occurs. Required 1. Prepare April and May 2018 statements of comprehensive income for FastTrack Motors under (a) variable costing and (b) absorption costing. 2. Prepare a numerical reconciliation and explanation the difference between operating income for each month under variable costing and absorption costing. Requirement 1a. Prepare April and May 2018 statements of comprehensive income for Fast Track Motors under variable costing. Complete the top half of the statement of comprehensive income for each month first, and then complete the bottom portion. (Enter a "' for any zero balance accounts.) April 2018 May 2018 i Data April May Unit data: Beginning inventory Production 0 50 Less 450 500 450 Sales 475 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold $ 12,000 12,000 $ 2,200 2,200 Print Done Choose from any list or enter any number in the input fields and then click Check
