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 $26,000. 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. Read the requirements. Requirement 1. Prepare April and May 2020 income statements for Speedy Motors under (a) variable costing and (b) absorption costing. (a) Prepare April and May 2020 income statements for Speedy Motors under variable costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all input fields. Enter a "O" for any zero balance accounts.) April 2020 May 2020 - X Revenues 9100000 15210000 Data table Variable cost of goods sold: Beginning inventory 0 A B Variable manufacturing costs 1 April May Cost of goods available for sale 2 Unit data: Deduct ending inventory 3 Beginning inventory 3 0 150 Variable cost of goods sold 4. Production 500 475 Variable operating costs 5 Sales 350 585 Contribution margin 8 Variable costs: 7 $ Manufacturing cost per unit produced -X 11,000 $ 11,000 Requirements Operating (markeling) cost per unit sold 2,800 2,800 9 Fixed costs: 10 1. Prepare April and May 2020 income statements for Speedy Motors under (a) Manufacturing costs $ 2,400,000 $2,400,000 variable costing and (b) absorption costing. 11 Operating (marketing) costs 500,000 500,000 2. Prepare a numerical reconciliation and explanation of the difference between He operating income for each month under variable costing and absorption neck answer costing