Question
Can I please get some help with this problem? Thank you Variable CostingIncome Statement On April 30, the end of the first month of operations,
Can I please get some help with this problem? Thank you
Variable CostingIncome Statement
On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on theabsorption costingconcept:
Joplin Company
Absorption Costing Income Statement
For the Month Ended April 30
Sales (5,200 units) $140,400
Cost of goods sold:Cost of goods manufactured (6,100 units) $115,900
Inventory, April 30 (900 units) (17,100)
The total cost of goods sold (98,800)
Gross profit $41,600
Selling and administrative expenses (23,580)
Operating income $18,020
If the fixed manufacturing costs were $25,498 and the fixed selling and administrative expenses were $11,550, prepare an income statement according to the variable costing conceptRound all final answers to whole dollars.
Joplin Company
Variable Costing Income Statement
For the Month Ended April 30
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