The variable manufacturing costs per unit of Speedy Motors are as follows: E: (Click the icon to view the variable manufacturing costs per unit.) Speedy 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.) F: (Click the icon to view the absorption costing income statements.) Read the requirements. Requirement 1. Prepare income statements for Speedy 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.) May 2017 April 2017 9,800,000 11,060,000 Revenues Direct material cost of goods sold Beginning inventory Direct materials Cost of goods available for sale Deduct ending inventory Total direct material cost of goods sold Throughput margin X variable costing income statements edy Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable rption costing income statements relating to April and May 2017 are as follows: Click the icon to view the date Data Table X C April 2017 May 2017 $ 11,060,000 $ 9,800,000 Revenues Variable costs: : April May put n! Unit data: boxe $ 0 $ 475,000 3,562,500 0 50 3,800,000 Beginning inventory Production 7 17 400 375 en 11, Beginning inventory Variable manufacturing costs Cost of goods available for sale Less: Ending inventory Variable cost of goods sold 3,800,000 (475,000) 4,037,500 (285,000) ect Bel 3,325,000 840,000 3,752,500 948,000 4,165,000 4,700,500 De SILILISIS Sales 350 395 Variable costs: Manufacturing cost per unit produced $ 9,500 $ 9,500 Operating (marketing) cost per unit sold 2,400 2,400 Fixed costs: Manufacturing costs $ 2,200,000 $ 2,200,000 Operating (marketing) costs 725,000 725,000 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. Variable operating costs Total variable costs Contribution margin Fixed costs: : Fixed manufacturing costs 5,635,000 6,359,500 bu 2,200,000 725,000 2,200,000 725,000 Fixed operating costs Total fixed costs 2,925,000 2,925,000 $ 2,710,000 $ 3,434,500 Operating income Print Done serom any list or error any number I NO MULTIUS anu IOI CICR UNIOCK ANSWER. Print Done ble manufacturing costs per unit of Speedy Motors are as follows: the icon to view the variable manufacturing costs per unit.) absorption costing income statements requirements. April 2017 May 2017 Revenues $ 9,800,000 $ 11,060,000 Red Cost of goods sold: Beginning inventory Variable manufacturing costs Data Table $ 0 $ hounts.) 3,800,000 2,200,000 750,000 3,562,500 2,062,500 Rei April May Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory 6,000,000 (750,000) Direct material cost per unit $ 7,200 $ 7,200 6,375,000 (450,000) 137,500 U 1,600 1,600 Adjustment for production-volume variance Direct manufacturing labor cost per unit Manufacturing overhead cost per unit 700 700 5,250,000 6,062,500 4,550,000 4,997,500 Print Cost of goods sold Gross margin Operating costs: Variable operating costs Done Th 840,000 725,000 948,000 725,000 Fixed operating costs Total operating costs 1,565,000 1,673,000 $ 2,985,000 Operating income $ 3,324,500 no Print Done Manufacturing costs Other operating costs Operating income