Emily Bayes 04/10/25 9:31 PM mazon Deals x P Pearson eText ? Assignment Material X P Homework X Throughput Costing Inc X × | + grated Assignment Overview.aspx?homeworkId=685283324 Question Part 3 of 8 Completed: 1 of 3 My score: 16.62/25 pts (66.48%) 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.) Save The selling price per vehicle is $23,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 500 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. Requirement 1. Prepare April and May 2020 income statements for Cool Car Motors under (a) variable costing and (b) absorption costing. (a) Prepare April and May 2020 income statements for Cool Car Motors under variable costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all input fields. Enter a "0" for any zero balance accounts.) Revenues April 2020 $ 9,200,000 May 2020 $ 10,350,000 Variable cost of goods sold: Beginning inventory $ 0 $ 800,000 4,000,000 3,200,000 Variable manufacturing costs Cost of goods available for sale 4,000,000 4,000,000 Deduct ending inventory (800,000) (400,000) Variable cost of goods sold 3,200,000 3,600,000 1,600,000 1,800,000 Variable operating costs Contribution margin 4,400,000 4,950,000 Fixed manufacturing costs Fixed operating costs Operating income 2,200,000 2,200,000 800,000 800,000 $ 1,400,000 $ 1,950,000 et more help A 00 80 F3 $ 54 000 000 F4 MacBook Air Clear all Check answer ཀམྨེ বব DII F8 DD F9 A (1)) F10 F11 F12 F5 F6 F7 % 95 6 & 29 7 * 8 ( 6 0 C = + || { } d day's Amazon Deals x P Pearson eText × ❘ P Assignment Material t/Integrated Assignment Overview.aspx?homeworkId=685283324 × P Homework X TE E k Question Part 3 of 8 Completed: 1 of 3 My score: 16.62/25 pts (66.48%) Cool Car Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2020 are as fo (Click the icon to view the data.) The effic Rea Data table - X ed manufacturing cost pe onth in which it occurs. A B C April May O Req (a) F the b 1 2 Unit data: 3 Beginning inventory 4 Production 5 Sales Re Var 7 8 Var Co Fix Fix 69 $ 6 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold 9 Fixed costs: Manufacturing costs 10 11 Operating (marketing) costs Operating income Get more help - A 80 F3 000 000 ing and (b) absorption c top half of the income 0 100 500 400 400 450 50,000 8,000 $ 4,000 8,000 4,000 $ 2,200,000 $ 2,200,000 800,000 800,000 00,000 00,000 50,000 00,000 00,000 P 1,400,000 1,950,000 Print Done MacBook Air DII DD A