Joplin Company

Absorption Costing Income Statement

For the Month Ended April $30$

Sales $(6,300$ units$)$

Cost of goods sold:

Cost of goods manufactured $(7,400$ units$)$

Inventory, April $30(1,000$ units$)$

Total cost of goods sold

Gross profit

Selling and administrative expenses

Operating income

$$100,800$

$$81,400$

$(11,000)$

Joplin Company

Variable Costing Income Statement

For the Month Ended April $30$

Sales

Variable cost of goods sold:

Variable cost of goods manufactured $$

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

Total fixed costs

Operating income