Question Help *Exercise 9-21 (similar to) FastRide Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows: E! (Click the icon to view the data. The selling price per vehicle is $29,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 700 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 FastRide Motors under (a) variable costing and (b) absorption costing. (a) Prepare April and May 2017 income statements for FastRide 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 zero balance accounts.) April 2017 May 2017 * Data Table April May Unit data: 0 100 Beginning inventory Production Sales 700 650 600 720 Variable costs: $ 9,000 $ 2.200 9,000 2,200 Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ 2,100,000 $ 2,100,000 700,000 700,000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 7 parts remaining Clear All Check Answer Requirements - 1. Prepare April and May 2017 income statements for FastRide 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. Print Done