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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

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 (2,400 units) $76,800
Cost of goods sold:
Cost of goods manufactured (2,808 units) $64,584
Inventory, April 30 (408 units) (9,384)
Total cost of goods sold (55,200)
Gross profit $21,600
Selling and administrative expenses (12,370)
Operating income $9,230

If the fixed manufacturing costs were $13,562.64 and the fixed selling and administrative expenses were $6,060, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

Contribution marginInventoryManufacturing marginSalesVariable cost of goods manufacturedVariable selling and administrative expenses $- Select -
Variable cost of goods sold:
Contribution marginFixed manufacturing costsVariable cost of goods manufacturedVariable cost of goods soldVariable selling and administrative expenses $- Select -
Fixed manufacturing costsInventory, April 30Fixed selling and administrative expensesManufacturing marginSales

- Select -

InventorySalesTotal variable cost of goods manufacturedTotal variable cost of goods soldTotal variable selling and administrative expenses

- Select -

Contribution marginFixed manufacturing costsInventoryManufacturing marginSales $- Select -
Manufacturing marginSalesVariable cost of goods manufacturedVariable cost of goods soldVariable selling and administrative expenses

- Select -

Contribution marginFixed selling and administrative expensesInventoryManufacturing marginSales $- Select -
Fixed costs:
Fixed manufacturing costsFixed inventoryVariable cost of goods manufacturedVariable cost of goods soldVariable selling and administrative expenses $- Select -
Fixed selling and administrative expensesFixed inventoryFixed salesVariable cost of goods soldVariable selling and administrative expenses

- Select -

Contribution marginOperating incomeManufacturing marginSalesTotal fixed costs

- Select -

Operating incomeLoss from operations $- Select -

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