This Question: 10 pts 17 of 17 This Test: 100 pts poss Champion Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows EE (click the icon to view the data.) The selling price per vehicle is $30,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 400 units. There Read the requirements Requirement 1. Prepare April and May 2017 income statements for Champion Motors under (a) variable costing and (b) absorption costing. (a) Prepare April and May 2017 income statements for Champion Motors under variable costing. Complete the top half of the income statement for each month f then complete the bottom portion. (Complete all answer boxes. Enter a "O" for any zero balance accounts.) April 2017 May 2017 (b) Prepare April and May 2017 income statements for Champion Motors under absorption costing. Complete the top half of the income statement for each mo first, then complete the bottom portion. (Enter a "O" for any zero balance accounts. Label any variances as favorable (F) or unfavorable (U. If an account does have a variance, do not select a label.) April 2017 May 2017 Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later This Question: 10 pts 17 of 17 This Test: 100 pts poss Champion Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows EE (click the icon to view the data.) The selling price per vehicle is $30,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 400 units. There Read the requirements Requirement 1. Prepare April and May 2017 income statements for Champion Motors under (a) variable costing and (b) absorption costing. (a) Prepare April and May 2017 income statements for Champion Motors under variable costing. Complete the top half of the income statement for each month f then complete the bottom portion. (Complete all answer boxes. Enter a "O" for any zero balance accounts.) April 2017 May 2017 (b) Prepare April and May 2017 income statements for Champion Motors under absorption costing. Complete the top half of the income statement for each mo first, then complete the bottom portion. (Enter a "O" for any zero balance accounts. Label any variances as favorable (F) or unfavorable (U. If an account does have a variance, do not select a label.) April 2017 May 2017 Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later