The selling price per vehicle is $24,000. 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. Required: Prepare the below and answer the questions that follows a) Variable costing income statement for May 2017 b) Absorption costing income statement for May 2017 c) Throughput costing income statement for May 2017