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 view the variable costing income statements.) (Click the icon to view the absorption costing income statements.) The variable manufacturing costs per unit of Race Track Motors are as follows: (Click the icon to view the variable manufacturing costs per unit) Read the requirements Requirement 1. Prepare income statements for Race Track Motors in April and May 2020 under throughput costing Begin by completing the top portion of the statement, then the bottom portion (Completa al input fields. Enter a "0" for any zero amounts) Revenues Direct material cost of goods sold Beginning inventory Direct materials Cost of goods avalable for sale Deduct ending inventory Total direct material cost of goods sold Throughput margin April 2020 7500000 May 2020 13500000 city Analysis Track Motors assembles and sells motor vehicles and absorption costing income statements relating to April an (Click the icon to view th data) (Click the icon to view the variable costing income state (Click the icon to view the absorption costing income sta Data table 1 2 Unit data: Beginning inventory a A Production Sales B C April May 150 400 350 250 450 quirement 1. Prepare income statements for Race Track in by completing the top portion of the statement, then th 6 Variable costs Venues rect material cost of goods sold Beginning inventory Direct materials Cost of goods available for sale Deduct ending inventory Total direct material cost of goods sold throughout margin 7 Manufacturing cost per unit produced $ 9,000 $ 9,000 a Operating (marketing) cost per unit sold 2,400 2,400 Found costs: 10 Manufacturing costs 11 Operating (marketing) costs 500,000 500,000 $ 2.200,000 $ 2.200.000 The selling price per vehicle is $30,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 400 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 Print Done an solve this Elevt naons Get more help nit of Race Track Motors are as follows manufacturing costs per unit.) Clear all Check a Capacity Analysis Race Track Motors assembles and sells motor v and absorption costing income statements relat (Click the icon to view the data.) (Click the icon to view the variable costing i (Click the loon to view the absorption costin variable costing income statements Revenues Variable costs Requirement 1. Prepare income statements for Begin by completing the top portion of the stater Revenues Direct material cost of goods sold lleginning inventory Direct materials Cost of goods available for sale Deduct ending inwertory Total direct material cost of goods sold Throughout margin April 2020 May 2020 $ 7,500,000 $ 13,500,000 Beginning inventory $1,350,000 Variable manufacturing costs Cost of goods available for sale 3,600,000 3,150,000 3,600,000 4,500,000 Less Ending inventory Variable cost of goods sold Variable operating costs (1,350,000) (450,000) 2,250,000 4,050,000 600.000 1,080.000 2.850.000 Total variable costs 5,130,000 Contribution margin 4.650.000 8.370,000 Fixed costs Fixed manufacturing costs 2.200.000 2,200,000 500.000 500,000 Fixed operating costs 2,700,000 Total fixed costs $1,950,000 2,700,000 $ 5,670,000 Operating income. Print Done Track Motors are as follows: ng costs per unit) Save nalysis Motors assembles and sells m on costing income statements we icon to view the data) me icon to view the variable cos he icon to view the absorption c absorption costing income statements Revenues Cost of goods sold Beginning inventory nt 1. Prepare income statemen mpleting the top portion of the i erial cost of goods sold ing inventory materials of goods available for sain t ending inventory tal direct material cost of goods But margin e this Etext pages April 2020 May 2020 $ 7,500,000 $ 13,500,000 S 0 $ 2,175,000 Variable manufacturing costs 3,600,000 3,150,000 Allocated foxed manufacturing costs 2,200,000 Cost of goods available for sale 5,800,000 1,925,000 7,250,000 Less: Ending inventory (2.175,000) 0 Adjustment for production-volume variance (725,000) 275.000 U 3,625,000 6.800,000 Cost of goods sold Gross margin 3,575,000 6,700,000 Operating costs Variable operating costs 600,000 500,000 1,080,000 500,000 Fixed operating costs 1,100,000 Total operating costs $ 2,775,000 1,580,000 $ 5,120,000 Operating income Print Done - X Motors are as follows: ats per unit) Clear all Check ar 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 view the variable costing income statements) (Click the icon to view the absorption costing income statementy The variable manufacturing costs per unit of Race Track Motors are as follows: (Click the icon to view the variable manufacturing costs per unit) Read the requirements Data table Requirement 1. Prepare income statements for Race Track Moton Begin by completing the top portion of the statement, then the botto 1 12 Direct material cost per unit April 2 13 Direct manufacturing labor cost per unit 14 Manufacturing overhead cost per unt Revenues Direct material cost of goods sold Beginning inventory Direct materials Cost of goods available for sale Deduct ending inventory Total direct material cost of goods sold Throughout margin p me solve this Etext pages Get more help- Print Done B C April May S 6.600 $ 6.000 1,700 1,700 700 700 Clear all Chec