$\backslash$table$[[,$A$,,$B$,$C$],[1,,,$April,May$],[2,$Unit data:,,,$],[3,$Beginning inventory,,$0,100],[4,$Production,,$600,550],[5,$Sales,,$500,600],[6,$Variable costs:,,,$],[7,$Manufacturing cost per unit produced,$$,9,500,9,500],[8,$Operating $($marketing$)$ cost per unit sold,,$3,600,3,600],[9,$Fixed costs:,,,$],[10,$Manufacturing costs,$$,2,400,000,$$$,2,400,000$Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May $2020$ are as$$ follows:

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The selling price per vehicle is $ $26$ comma $000.$ 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.

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Part $1$

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$$ first, then complete the bottom portion. $($Complete all input fields. Enter a$"0"$ for any zero balance$$ accounts.$)$

April $2020$

May $2020$