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Hello, I could use some assistance in figuring out how to answer the below. I am stumped! Home - > Students X Mail - Hoffmann,

Hello, I could use some assistance in figuring out how to answer the below. I am stumped!

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Home - > Students X Mail - Hoffmann, Brittany - Out X @ 6-1 Problem Set: Module Six - / X CengageNOWv2 | Online teach X X 2 https://v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker= &takeAssignmentSessionLocator=&inprogress=false 90% ... V E Problem Set: Module 6 eBook Show Me How 1. TMM.07.01 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: 2. EX.07.02.ALGO Joplin Company 3. EX.07.12.ALGO Absorption Costing Income Statement For the Month Ended April 30 4. TMM.07.05 Sales (5,900 units) $194,700 5. EX.07.05.ALGO Cost of goods sold: Cost of goods manufactured (6,800 units) $156,400 Inventory, April 30 (1,000 units) (23,000) Total cost of goods sold (133,400) Gross profit $61,300 Selling and administrative expenses (33,260) Operating income $28,040 If the fixed manufacturing costs were $32,844 and the fixed selling and administrative expenses were $16,290, 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 $ 194,700 Variable cost of goods sold: Variable cost of goods manufactured v Inventory, April 30 v -23,000 X Total variable cost of goods sold v -133,400 X Manufacturing margin v Variable selling and administrative expenses v Contribution margin v Fixed costs Fixed manufacturing costs v Fixed selling and administrative expenses v Total fixed costs v Operating income v Progress: 5/5 items Check My Work Previous Assignment Score: 69.17% Email Instructor Save and Exit Submit Assignment for Grading

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