The variable manufacturing costs per unit of Nascar Motors are as follows: (Click the icon to view the variable manufacturing costs per unit.) Nascar 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 2020 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 Nascar Motors in April and May 2020 under throughput costing. Begin by completing the top portion of the statement, then the bottom portion. (Complete all input fields. Enter a "0" for any zero amounts.) April 2020 May 2020 Revenues - Data table A B 1 April May 2 Unit data: 3 Beginning inventory 0 1501 4 Production 500 400 5 Sales 350 5201 6 Variable costs: 7 Manufacturing cost per unit produced $ 10,000 $ 10,000 8 Operating (marketing) cost per unit sold 3,000 3,000 9 Fixed costs: 10 Manufacturing costs $ 2,000,000 $ 2,000,000 11 Operating (marketing) costs 600,000 600,000 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. C Variable costing income statements April 2020 $ 8,400,000 May 2020 $ 12,480,000 Revenues Variable costs: Beginning inventory Variable manufacturing costs Cost of goods available for sale Less: Ending inventory Variable cost of goods sold Variable operating costs Total variable costs Contribution margin Fixed costs: Fixed manufacturing costs Fixed operating costs Total fixed costs $ 5,000,000 5,000,000 (1,500,000) 3,500,000 1,050,000 $ 1,500,000 4,000,000 5,500,000 (300,000) 5,200,000 1,560,000 4,550,000 6,760,000 3,850,000 5,720,000 2,000,000 600,000 2,000,000 600,000 2,600,000 $ 3 120.000 2,600,000 S 1 250 000 Print Done X Absorption costing income statements fo April 2020 $ 8,400,000 May 2020 $ 12,480,000 5,000,000 2,000,000 $ 2,100,000 4,000,000 1,600,000 7,000,000 (2,100,000) Revenues Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory Adjustment for production-volume variance Cost of goods sold Gross margin Operating costs: Variable operating costs Fixed operating costs Total operating costs 7,700,000 (420,000) 400,000 4,900,000 3,500,000 7,680,000 4,800,000 1,050,000 600,000 1,560,000 600,000 1,650,000 2,160,000 $ 2,640,000 $ 1,850,000 CX Data table B 1 12 Direct material cost per unit 13 Direct manufacturing labor cost per unit 14 Manufacturing overhead cost per unit April May $ 6,700 $ 6,700 1,500 1,500 1,800 1,800 Print Done