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Race Track Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to
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 2020 are as follows: (Click the icon to view the data.) (Click the icon to vi (Click the icon to vi Data table The variable manufacturing costs per unit of Race Track Motors are as follows: (Click the icon to view the variable manufacturing costs per unit.) Requirement 1. Prepar 1 Begin by completing the 2 Unit data: 3 Beginning inventory 4 Production Revenues 5 Sales 6 Variable costs: B April May amounts.) 0 50 500 400 450 420 7 Manufacturing cost per unit produced $ 8,500 $ 8,500 8 Operating (marketing) cost per unit sold 2,200 2,200 9 Fixed costs: 10 Manufacturing costs $ 2,000,000 $2,000,000 11 Operating (marketing) costs 625,000 625,000 The selling price per vehicle is $21,000. 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. Next ion DIATE NTING egg dia on
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