The variable manufacturing costs per unit of Nascar Motors are as follows: (Click the icon to view the variable manufacturing ansistor 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 2017 are as follows: (Click the icon to view the data.) Click the icon to view the variable costing income statements.) Click the loon to view the absorption costing Income statements. Read the requirements. i Data Table Requirement 1. Prepare income statements for Nascar 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 'c" for any zero amounts.) Direct material cost per unit Direct manufacturing labor cost per unit Manufacturing overhead cost per unit April May $ 6,900 S 6,900 1,100 1,100 500 500 - X i absorption costing income statements Data Table Print Done April 2017 $ 12,600,000 May 2017 $ 19,180,000 April May Unit data: 150 $ 1,837 500 Beginning inventory Production Sales 0 0 800 $ 5,100,000 2.250,000 575 4,887.500 2,156 250 450 685 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 7,350,000 11,837,500) 0 8,881.250 (490.000) 93.750 5,512,500 3.485,000 Variable costs: Manufacturing cost per unit produced $ 8,500 $ 8,500 Operating (marketing) cost per unit sold 3,400 3,400 Fixed costs: Manufacturing costs $ 2,250,000 $2,250,000 Operating (marketing) costs 500,000 500.000 The selling price per vehicle is $28,000. 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 variarice is written off to cost of goods sold in the month in which it occurs. 7,087,500 10,695,000 1,530,000 2,329,000 500.000 Fixed operating con 500,000 Total operating costs 2,030.000 2,829,000 S 7,368,000 $ 5,057,500 Print Done Operating income Check Answer 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 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, i variable costing income statements A Requirements - X E prar April 2017 May 2017 Revenues S 12,600,000 $ 19,180,000 1. Prepare income statements for Nascar 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. Glve one motivation for Nascar Motors to adopt throughput costing. $ 0 5,100,000 $ 1,275,000 4,887,500 Variable costs: Beginning inventory Variable manufacturing costs Cost of goods available for sale Less: Ending inventory Variable cost of goods sold Variable operating costs Print Done 5,100,000 (1,275,000) 6.162,500 (340,000) 3.825,000 1,530,000 5,822,500 2.329,000 Total variable costs 5,355,000 8,151,500 Contribution margin 7,245.000 11,028,500 Fixed costs: Fixed manufacturing costs 2.250.000 500.000 2.250,000 500,000 Fixed operating costs Total fixed costs 2,750,000 2.750,000 $ 4,495,000 S 8,278,500 Operating income