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 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 "O" for any zero amounts) April 2017 May 2017 Revenues Beginning inventory Operating income Requirement 2. Contrast the results in requirement with the absorption and variable costing income statements presented Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air 90 ESC FE 52 # % & $ 4 2 5 6 9 8 van maadlung costs per unit of Nascar Motors are as follows: Click the icon to view the variable manufacturing costs per unit) orption 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 Operating income Requirement 2. Contrast the results in requirement with the absorption and variable costing income statements presented In April has the lowest operating income, whereas in May has the highest operating income puts greater emphasis on sales as the source of operating income than does et Requirement 3. Give one molition for Nascar Motors to adopt throughout costing. couting puts a penalty on production without a corresponding sale in the same period. Costs other than direct materials that are variable with respect to production are variable conting they would be As a result provides less incentive to produce for inventory than other Choose from any list or enter any number in the input fields and the continue to the next question MacBook Air esc 30 $ ? & 7 7 2 3 4 6 8 9 0 o E W R T Y U Data Table me statements.) come statements.) April May 0 50 400 300 Unit data: Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold 350 325 $ 10,500 10,500 $ 3,800 3,800 Fixed sts: ement 1 with the absorption ar operating income, whereas in N emphasis o Manufacturing costs $ 2,000,000 $ 2,000,000 Operating (marketing) costs 550,000 550,000 The selling price per vehicle is $28,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 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. scar Motors to adopt throughput Buction without a corresponding As a result, duction are Print Done er in the input fields and then continue to the next question. s are as f vehicles and uses s ating to April and May variable costing income statements per unit osting income stateme costing income stated April 2017 May 2017 Revenues s 9,800,000 $ 9,100,000 Variable costs: $ $ 0 4,200,000 525,000 3,150,000 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 4,200,000 (525,000) 3,675,000 (262,500) 3,675,000 1,330,000 3,412,500 1,235,000 5,005,000 4,647,500 4,795,000 4,452,500 ts in requirement 1 with the Contribution margin Fixed costs: Fixed manufacturing costs in sales as the so che lowest operating income 2,000,000 550,000 2,000,000 550,000 Fixed operating costs 2,550,000 2,550,000 ation for Nascar Motors to ado Total fixed costs 2,245,000 $ 1,902,500 in the Operating income nalty on production without a c V. As a result, Print Done any number in the input field S TUIUWS Es diu u April and absorption costing income statements unit.) ncome sta ng income April 2017 May 2017 Revenues $ 9,800,000 $ 9,100,000 $ 0 $ 4,200,000 2,000,000 775,000 3,150,000 1,500,000 5,425,000 6,200,000 (775,000) 0 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 (387.500) 500,000 u 5,425,000 5,537,500 4,375,000 3,562,500 uirement 1 with us as the source of ope st operating ind 1,330,000 550,000 1.235,000 550,000 1,880,000 1.785.000 Hascar Motorst $ 2,495,000 $ 1.777,500 in the period of in roduction withou Operating income V. As a result, Print Done aber in the input MACRON 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 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 "O" for any zero amounts) April 2017 May 2017 Revenues Beginning inventory Operating income Requirement 2. Contrast the results in requirement with the absorption and variable costing income statements presented Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air 90 ESC FE 52 # % & $ 4 2 5 6 9 8 van maadlung costs per unit of Nascar Motors are as follows: Click the icon to view the variable manufacturing costs per unit) orption 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 Operating income Requirement 2. Contrast the results in requirement with the absorption and variable costing income statements presented In April has the lowest operating income, whereas in May has the highest operating income puts greater emphasis on sales as the source of operating income than does et Requirement 3. Give one molition for Nascar Motors to adopt throughout costing. couting puts a penalty on production without a corresponding sale in the same period. Costs other than direct materials that are variable with respect to production are variable conting they would be As a result provides less incentive to produce for inventory than other Choose from any list or enter any number in the input fields and the continue to the next question MacBook Air esc 30 $ ? & 7 7 2 3 4 6 8 9 0 o E W R T Y U Data Table me statements.) come statements.) April May 0 50 400 300 Unit data: Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold 350 325 $ 10,500 10,500 $ 3,800 3,800 Fixed sts: ement 1 with the absorption ar operating income, whereas in N emphasis o Manufacturing costs $ 2,000,000 $ 2,000,000 Operating (marketing) costs 550,000 550,000 The selling price per vehicle is $28,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 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. scar Motors to adopt throughput Buction without a corresponding As a result, duction are Print Done er in the input fields and then continue to the next question. s are as f vehicles and uses s ating to April and May variable costing income statements per unit osting income stateme costing income stated April 2017 May 2017 Revenues s 9,800,000 $ 9,100,000 Variable costs: $ $ 0 4,200,000 525,000 3,150,000 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 4,200,000 (525,000) 3,675,000 (262,500) 3,675,000 1,330,000 3,412,500 1,235,000 5,005,000 4,647,500 4,795,000 4,452,500 ts in requirement 1 with the Contribution margin Fixed costs: Fixed manufacturing costs in sales as the so che lowest operating income 2,000,000 550,000 2,000,000 550,000 Fixed operating costs 2,550,000 2,550,000 ation for Nascar Motors to ado Total fixed costs 2,245,000 $ 1,902,500 in the Operating income nalty on production without a c V. As a result, Print Done any number in the input field S TUIUWS Es diu u April and absorption costing income statements unit.) ncome sta ng income April 2017 May 2017 Revenues $ 9,800,000 $ 9,100,000 $ 0 $ 4,200,000 2,000,000 775,000 3,150,000 1,500,000 5,425,000 6,200,000 (775,000) 0 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 (387.500) 500,000 u 5,425,000 5,537,500 4,375,000 3,562,500 uirement 1 with us as the source of ope st operating ind 1,330,000 550,000 1.235,000 550,000 1,880,000 1.785.000 Hascar Motorst $ 2,495,000 $ 1.777,500 in the period of in roduction withou Operating income V. As a result, Print Done aber in the input MACRON