The selling p...u por venucie 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 rate variances. Any pro. duction-volume variance is written off to COGS in the month in which it occurs. Required 1. Prepare April and May statements of comprehensive income for TC 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 costina