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CengageNOWv2 | Online teaching and learning resource from Cen 6-1 Problem Set: Module Six - ACC-202-R6923 Mal agerial Accounting 21EW6 eBook Show Me How Absorption

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CengageNOWv2 | Online teaching and learning resource from Cen 6-1 Problem Set: Module Six - ACC-202-R6923 Mal agerial Accounting 21EW6 eBook Show Me How Absorption Costing Income Statement For the Month Ended April 30 Sales (2,500 units) $92,500 Cost of goods sold: Cost of goods manufactured (2,900 units) $75,400 Inventory, April 30 (400 units) (10,400) Total cost of goods sold (65,000) Gross profit $27,500 Selling and administrative expenses (16,780) Operating income $10,720 f the fixed manufacturing costs were $20,358 and the fixed selling and administrative expenses were $8,220, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Joplin Company Variable Costing Income Statement For the Month Ended April 30 Sales v 92,500 Variable cost of goods sold: Variable cost of goods manufactured v 55,042 Inventory, April 30 v 7,592 Total variable cost of goods sold 47,450 V Manufacturing margin 45,050 Variable selling and administrative expenses v Contribution margin v Fixed costs: Fixed manufacturing costs v Fixed selling and administrative expenses Total fixed costs v Operating income v Check My Work Next 51% All work saved. Email Instructor Save and Exit Submit Assignment for Grad

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