The variable manufacturing costs per unit of Cool Car Motors are as follows: (Click the icon to view the variable manufacturing costs per unit.) Cool Car Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows: (Click the icon to view the data.) (Click the icon to view the variable costing income statements.) (Click the icon to view the absorption costing income statements.) Read the requirements. Requirement 1. Prepare income statements for Cool Car Motors in April and May 2017 under throughput costing. Begin by completing the top portion of the statement, then the bottom portion. (Complete all answer boxes. Enter a "0" for any zero amounts.) April 2017 May 2017 Revenues Choose from any list or enter any number in the input fields and then click Check Answer. April May Unit data: 0 50 Beginning inventory Production 400 300 Sales 350 300 $ 11,500 $ 11,500 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: 2,600 2,600 $ 2,400,000 $ 2,400,000 Manufacturing costs Operating (marketing) costs 800,000 800,000 The selling price per vehicle is $26,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 400 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. i variable costing income statements April 2017 May 2017 Revenues $ 9,100,000 $ 7,800,000 Variable costs: Beginning inventory 0 $ 575,000 3,450,000 4,600,000 Variable manufacturing costs Cost of goods available for sale Less: Ending inventory Variable cost of goods sold Variable operating costs 4,600,000 (575,000) 4,025,000 (575,000) 4,025,000 910,000 3,450,000 780,000 Total variable costs 4,935,000 4,230,000 Contribution marain 4.165.000 3.570.000 Fixed costs: Fixed manufacturing costs 2,400,000 800,000 2,400,000 800,000 Fixed operating costs Total fixed costs 3,200,000 3,200,000 $ 965,000 $ 370,000 Operating income Print Done April 2017 May 2017 Revenues $ 9,100,000 $ 7,800,000 $ 0 $ 875,000 Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory 4,600,000 2,400,000 3,450,000 1,800,000 6,125,000 7,000,000 (875,000) (875,000) 0 600,000 u Adjustment for production-volume variance 6,125,000 5,850,000 Cost of goods sold Gross margin 2,975,000 1,950,000 1 absorption costing income statements - Z, TUU,UUU ,,1 Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory 6,125,000 7,000,000 (875,000) 0 (875,000) 600,000 u Adjustment for production-volume variance 6,125,000 5,850,000 2,975,000 1,950,000 Cost of goods sold Gross margin Operating costs: Variable operating costs 910,000 800,000 780,000 800,000 Fixed operating costs Total operating costs 1,710,000 1,580,000 $ 1,265,000 $ 370,000 Operating income i -X Data Table May $ April 7,200 $ 1,800 Direct material cost per unit Direct manufacturing labor cost per unit Manufacturing overhead cost per unit 7,200 1,800 2,500 2,500 Print Done i Requirements 1. Prepare income statements for Cool Car Motors in April and May 2017 under throughput costing. 2. Contrast the results in requirement 1 with the absorption and variable costing income statements presented. 3. Give one motivation for Cool Car Motors to adopt throughput costing. The variable manufacturing costs per unit of Cool Car Motors are as follows: (Click the icon to view the variable manufacturing costs per unit.) Cool Car Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows: (Click the icon to view the data.) (Click the icon to view the variable costing income statements.) (Click the icon to view the absorption costing income statements.) Read the requirements. Requirement 1. Prepare income statements for Cool Car Motors in April and May 2017 under throughput costing. Begin by completing the top portion of the statement, then the bottom portion. (Complete all answer boxes. Enter a "0" for any zero amounts.) April 2017 May 2017 Revenues Choose from any list or enter any number in the input fields and then click Check Answer. April May Unit data: 0 50 Beginning inventory Production 400 300 Sales 350 300 $ 11,500 $ 11,500 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: 2,600 2,600 $ 2,400,000 $ 2,400,000 Manufacturing costs Operating (marketing) costs 800,000 800,000 The selling price per vehicle is $26,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 400 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. i variable costing income statements April 2017 May 2017 Revenues $ 9,100,000 $ 7,800,000 Variable costs: Beginning inventory 0 $ 575,000 3,450,000 4,600,000 Variable manufacturing costs Cost of goods available for sale Less: Ending inventory Variable cost of goods sold Variable operating costs 4,600,000 (575,000) 4,025,000 (575,000) 4,025,000 910,000 3,450,000 780,000 Total variable costs 4,935,000 4,230,000 Contribution marain 4.165.000 3.570.000 Fixed costs: Fixed manufacturing costs 2,400,000 800,000 2,400,000 800,000 Fixed operating costs Total fixed costs 3,200,000 3,200,000 $ 965,000 $ 370,000 Operating income Print Done April 2017 May 2017 Revenues $ 9,100,000 $ 7,800,000 $ 0 $ 875,000 Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory 4,600,000 2,400,000 3,450,000 1,800,000 6,125,000 7,000,000 (875,000) (875,000) 0 600,000 u Adjustment for production-volume variance 6,125,000 5,850,000 Cost of goods sold Gross margin 2,975,000 1,950,000 1 absorption costing income statements - Z, TUU,UUU ,,1 Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory 6,125,000 7,000,000 (875,000) 0 (875,000) 600,000 u Adjustment for production-volume variance 6,125,000 5,850,000 2,975,000 1,950,000 Cost of goods sold Gross margin Operating costs: Variable operating costs 910,000 800,000 780,000 800,000 Fixed operating costs Total operating costs 1,710,000 1,580,000 $ 1,265,000 $ 370,000 Operating income i -X Data Table May $ April 7,200 $ 1,800 Direct material cost per unit Direct manufacturing labor cost per unit Manufacturing overhead cost per unit 7,200 1,800 2,500 2,500 Print Done i Requirements 1. Prepare income statements for Cool Car Motors in April and May 2017 under throughput costing. 2. Contrast the results in requirement 1 with the absorption and variable costing income statements presented. 3. Give one motivation for Cool Car Motors to adopt throughput costing