Cool Car Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2020 are as follows: Click the icon to view the data.) The selling price per vehicle is $26,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 700 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. Read the requirements Data Table - A 1 April May 2 Unit data: 3 0 50 4 700 625 5 650 635 3 Beginning inventory Production 5 Sales 6 Variable costs: 7 Manufacturing cost per unit produced 8 Operating (marketing) cost per unit sold 9 Fixed costs: 10 Manufacturing costs Operating (marketing) costs $ 11,500 $ 2,800 8 11,500 2,800 $ 2,100,000 $ 2,100,000 650,000 650,000 11 1. Prepare April and May 2020 income statements for Cool Car Motors under (a) variable costing and (b) absorption costing. 2. Prepare a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption costing