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EX.07.05.ALGO JOPLIN COMPANY ACC 202 total fixed costs and operating income needs calculated If the fixed manufactunng costs were $36,960 and the foxed selling and
EX.07.05.ALGO JOPLIN COMPANY
If the fixed manufactunng costs were $36,960 and the foxed selling and adminstrative expenses were $15,630, prepare an income statement according to the variable. costing concept. Round all final answers to whole dollars. Variable Costing Income Statement On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept ACC 202
total fixed costs and operating income needs calculated
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