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 $30$

Line Item Description Amount Amount

Sales $(2,900$ units$)$ $$43,500$

Cost of goods sold:

Cost of goods manufactured $(3,422$ units$)$ $$37,642$

Inventory, April $30(522$ units$)(5,742)$

Total cost of goods sold $(31,900)$

Gross profit $$11,600$

Selling and administrative expenses $(7,530)$

Operating income $$4,070$

If the fixed manufacturing costs were $$10,163\mathrm{.}34$ and the fixed selling and administrative expenses were $$3,690,$ 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 $30$

Line Item Description Amount Amount

Sales

$Sales

$43,500$

Variable cost of goods sold:

Variable cost of goods manufactured

$Variable cost of goods manufactured

Inventory, April $30$

Inventory, April $30$

Total variable cost of goods sold

Total variable cost of goods sold

Manufacturing margin

$Manufacturing margin

Variable selling and administrative expenses

Variable selling and administrative expenses

Contribution margin

$Contribution margin

Fixed costs:

Fixed manufacturing costs

$Fixed manufacturing costs

Fixed selling and administrative expenses

Fixed selling and administrative expenses

Total fixed costs

Total fixed costs

Operating income

$Operating income