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 (4,300 units) $94,600

Cost of goods sold:

Cost of goods manufactured (5,000 units) $80,000

Inventory, April 30 (700 units) (11,200)

Total cost of goods sold (68,800)

Gross profit $25,800

Selling and administrative expenses (16,270)

Operating income $9,530

If the fixed manufacturing costs were $20,800 and the fixed selling and administrative expenses were $7,970, 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 $94,600

Variable cost of goods sold:

Variable cost of goods manufactured $59,200

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 $?