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Safari File Edit View History Bookmarks Window Help v2.cengagenow.com Mon Feb 7 6:25 PM 00 oo CengageNOWv2 1 Online teaching and learning resource from Cengage Learning Course Hero Problem Set: Module 6 1. EX.07.02.ALGO 2. EX.07.12.ALGO 3. TMM.07.01 4. TMM.07.05 5. EX.07.05.ALGO Progress: 515 items Assignment Score: 68.97% eBook Show Me How 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 absorption costing concept: Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (2,400 units) Cost of goods sold: Cost of goods manufactured (2,800 units) Inventory, April 30 (400 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income $45,600 $36,400 (5,200) (31,200) $14,400 (8,150) $6,250 If the fixed manufacturing costs were $8,736 and the fixed selling and administrative expenses were $3,990, 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 Variable cost of goods sold: Total variable cost of goods sold Check My Work All work saved. Email Instructor Save and Exit Previous Submit Assignment for Grading