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In desperate need of help, TIA Variable Costing Income Statement On April 30, the end of the first month of operations, Joplin Company prepared the
In desperate need of help, TIA
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 boorption conting concepti Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (6,200 units) $99,200 Cost of goods sold Cost of good manufactured (7.100 units) 578,100 Inventory. Apr 30 (3,000 units) (11.000) Total cost of goods sold (67.100) Gross profit 532.100 Selling and administrative expenses (16.950) Operating income $15,150 If the fixed manufacturing costs were $15,620 and the red selling and administrative expenses were 10,300, 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 10 99.200 Variable out of goods sold 99,200 Joplin Company Variable Costing Income Statement For the Month Ended April 30 Sales Variable cost of goods sold: Variable cost of goods manufactured 62.480 Inventory, April 30 Total variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses 11.300 inio 15.620 23,920 Total fixed costs Operating income Step by Step Solution
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