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If the xed manufacturing costs were $33,696 and the xed selling and administrative expenses were $13,020, prepare an income statement according to the variable costing
If the xed manufacturing costs were $33,696 and the xed selling and administrative expenses were $13,020, prepare an income statement according to the variable costing concept. Round all iinal answers to whole dollars. Joplin Company Variable Costing Income Statement For the Month Ended April 30 Sales V $ 149,600 Variable cost of goods sold: Itr'arialzule cost of goods manufactured v $E Inventom April 30 v [:l Total variable cost of goods sold v [:l Manufacturing margin v is: Ilr'arialzule selling and administrative expenses v : Contribution margin 7 55: Fixed costs: Fixed manufacturing costs v $[:l Fixed selling and administrative expenses v [:l Total fixed costs v : Operating income v if: 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: Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (6,800 units) $149,600 Cost of goods sold: Cost of goods manufactured (7,800 units) $124,800 Inventory, April 30 (1,100 units) (17,600) Total cost of goods sold (107,200) Gross profit $42,400 Selling and administrative expenses (26,580) Operating income $15,820 If the fixed manufacturing costs were $33,696 and the fixed selling and administrative expenses were $13,020, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Joplin Company la C
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