Requirements 1 1. Prepare April and May 2017 income statements for Cool Car 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. Data Table April May Unit data Beginning inventory Production Sales 100 450 525 500 400 Variable costs: 9,500 $ Manufacturing cost per unit produced Operating (marketing) cost per unit sold $ 9,500 2,200 2,200 Fixed costs: Manufacturing costs Operating (marketing) costs $ 2,000,000 $ 2,000,000 500,000 500,000