Pearson My Lab Managerial Cost Accounting. Chapter 9 homework. E9-22.

mazon Deals - x | P Pearson eText x | P Assignment Material X P Homework x Throughput Costing Inc x + gratedAssignmentOverview.aspx?homeworkld=685283324 e Emily Bayes 04/10/25 9:31 PM Question Completed: 1 of 3 Part 3 of 8 My score: 16.62/25 pts (66.48%) Save 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 $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.) April 2020 May 2020 Revenues $ 9,200,000 $ 10,350,000 Variable cost of goods sold: Beginning inventory $ $ 800,000 Variable manufacturing costs 4,000,000 3,200,000 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 Variable operating costs 1,600,000 1,800,000 Contribution margin 4,400,000 4,950,000 Fixed manufacturing costs 2,200,000 2,200,000 Fixed operating costs 800,000 800,000 Operating income $ 1,400,000 $ 1,950,000 et more help - Clear all Check answer MacBook Air 80 DD F3 F4 F5 F6 F7 F8 F10 F11 F12 % & 4 6 9 Ox P Assignment Material X P Homework X day's Amazon Deals - X | Pearson eText t/IntegratedAssignmentOverview.aspx?homeworkld=685283324 Question Completed: 1 of 3 Part 3 of 8 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 X d manufacturing cost effic Data table onth in which it occurs Rea A B C O April May Req 2 Unit data: ng and (b) absorption (a) F 3 Beginning inventory 0 100 top half of the income the O 4 Production 500 400 5 Sales 400 450 Re 50,000 6 Variable costs: Var Manufacturing cost per unit produced $ 8,000 $ 8,000 8 Operating (marketing) cost per unit sold 4,000 4,000 9 Fixed costs: 10 Manufacturing costs $ 2,200,000 $ 2,200,000 11 Operating (marketing) costs 800,000 800,000 00,000 Var 00,000 Cor 50,000 Fix Print Done 00,000 Fix 00,000 Operating income 1,400,000 1,950,000 Get more help - MacBook Air 80 000 DII DD