Please explain computations. Thanks!

E9-22 (similar to) Question Help The variable manufacturing costs per unit of Nascar Motors are as follows: (Click the icon to view the variable manufacturing costs per unit.) Nascar 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: E: (Click the icon to view the data.) (Click the icon to view the variable costing income statements.) (Click the icon to view the absorption costing income statements.) Read the requirements. Requirement 1. Prepare income statements for Nascar 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.) April 2017 May 2017 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 Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts Clear All Check Answer remaining E9-22 ( variable costing income statements absorption costing income statements - X Nascar Moto income state : (Click to (Click to (Click to April 2017 $ 9,100,000 May 2017 $ 14,950,000 April 2017 $ 9,100,000 May 2017 $ 14,950,000 Revenues Revenues Variable costs: Beginning inventory $ $ 0 5,500,000 1,650,000 4,950,000 Cost of goods sold: Beginning inventory Variable manufacturing costs $ Requiremel Variable manufacturing costs Cost of goods available for sale $ 0 5,500,000 2,200,000 2,310,000 4,950,000 1,980,000 Begin by co 5,500,000 (1,650,000) 6,600,000 (275,000) unts.) 7,700,000 (2,310,000) 3,850,000 1,400,000 6,325,000 2,300,000 9,240,000 (385,000) 220,000 u Revenues Direct mate Beginni Less: Ending inventory Variable cost of goods sold Variable operating costs Total variable costs Contribution margin Fixed costs: Fixed manufacturing costs 5,250,000 8,625,000 5,390,000 9,075,000 Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory Adjustment for production-volume variance Cost of goods sold Gross margin Operating costs: Variable operating costs Fixed operating costs Total operating costs Direct na 3,850,000 6,325,000 3,710,000 5,875,000 Cost of Deduct 2,200,000 675,000 2,200,000 675,000 1,400,000 675,000 2,300,000 675,000 Tota Fixed operating costs Total fixed costs Throughput 2,875,000 975,000 2,875,000 3,450,000 2,075,000 1,635,000 2,975,000 2,900,000 $ $ $ $ Operating income Operating income Choose fron Print Done Print Done 3 parts Clear All Check Answer remaining E9-22 (similar to) Requirements - X i Data Table - X Nascar Motors assembles and sells motor vehicles and uses standard costing. Actual d 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.) (Click the icon to view the absorption costing income statements.) 1. Prepare income statements for Nascar Motors in April and May 2017 under throughput costing. 2. Contrast the results in requirement 1 with the absorption and variable costing income statements presented. 3. Give one motivation for Nascar Motors to adopt throughput costing. Requirement 1. Prepare income statements for Nascar Motors in April and May 2017 u Begin by completing the top portion of the statement, then the bottom portion (Complet Print Done April 2017 May 2017 April May Unit data: Beginning inventory 0 150 Production Sales 350 575 Variable costs: Manufacturing cost per unit produced $ 11,000 $ 11,000 Operating (marketing) cost per unit sold 4,000 4,000 Fixed costs: Manufacturing costs $ 2,200,000 $ 2,200,000 Operating (marketing) costs 675,000 675,000 The selling price per vehicle is $26,000. 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. A Data Table - X 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 Direct material cost per unit Direct manufacturing labor cost per unit Manufacturing overhead cost per unit April May 6,600 $ 6,600 1,900 1,900 2,500 2,500 Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts Clear All Check Answer remaining