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Accelerated 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:

Q1:

Que Data Table i absorption costing income statements April May Unit data: May 2017 April 2017 $ 7,250,000 $ 13,050,000 250 S 0 3,600,000 2,000,000 $ 2,100,000 3,150,000 1,750,000 Beginning inventory 0 150 Production 400 350 Sales 450 Variable costs Manufacturing cost per unit produced $ 9,000 $ 9,000 Operating (marketing) cost per unit sold 2,400 2,400 Fixed costs: Manufacturing costs $ 2,000,000 $ 2,000,000 Operating (marketing) costs 650,000 650,000 The selling price per vehicle is $29,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 400 units. There are no price, efficiency, or spending variances. Any production-volumne variance is written off to cost of goods sold in the month in which it occurs Revenues Cost of goods sold: : Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory Adjustment for production-volume variance Cost of goods sold 5,600,000 (2,100,000) 0 7,000,000 (700,000) 250,000 3,500,000 6,550,000 Gross margin 3,750,000 6,500,000 i Data Table 600,000 650,000 1,080,000 650,000 Operating costs: Variable operating costs Fixed operating costs Total operating costs Operating income 1,250,000 1,730,000 $ 2,500,000 $ 4,770,000 April May 6,400 Choos Direct material cost per unit $ A 6,400 $ 1,800 1,800 Print Direct manufacturing labor cost per unit Manufacturing overhead cost per unit Done 3 pall rer 800 800 ne Requirement 1. Prepare income statements for Accelerate 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 TUIN Deduct ending inventory Total direct material cost of goods sold Throughput margin

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