Requiremnts.

a) prepare april and may 2017 income statement for Nascar motors under variable costing and absorption costing.

b)prepare numerical reconcilation and explanation of the difference between operating income for each month under variable costing and absorption costing.

Managerial Accounting at 10.20 for Spring 2020 Save Homework: Chapter 9 part 1 Score: 0 of 1 pt E9-21 (similar to) 1 of 2 (0 complete) HW Score: 0%, 0 of 2 pts Question Help Nascar Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows (Click the icon to view the data) The selling price per vehicle is $25,000. 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 Data Table (a) Prepare April and May 2017 income statements for complete the bottom portion (Complete all answer box reach month first, then April May Revenues Unit data Beginning inventory Production 700 Sales 650 Variable cost of goods sold: Beginning inventory Variable manufacturing costs Cost of goods available for sale Deduct ending inventory Variable cost of goods sold Variable operating costs $ 9,000 $ 2,400 9,000 2,400 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ 2,100,000 $ 650,000 2,100,000 650,000 hoose from any list or enter any number in the ing Print Done