Speedy Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2020 are as follows (Click the icon to view the data.) The selling price per vehicle is $23,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 600 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. Data table 1 A B C April May 2 Unit data: 34 Beginning inventory Production 5 Sales 6 Variable costs 7 8 Manufacturing cost per unit produced Operating (marketing) cost per unit sold 9 Fixed costs - X costing e the top half Is. Enter 150 In 20 600 575 2/2 450 695 15/ 8.000 $ 8,000 2.200 2,200 10 Manufacturing costs $ 2,250,000 $2,250,000 11 Operating (marketing) costs 750,000 750,000 Requirements 1. Prepare April and May 2020 income statements for Speedy 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