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Show Me How Variable Chating Income statement On April 30. the end of the first month of operations, toplin Company prepared the following income statement,
Show Me How Variable Chating Income statement On April 30. the end of the first month of operations, toplin Company prepared the following income statement, based on the absorption costing concepti Joplin Company Absorption Costing Income Statement For the Month Ended April 30 $60.500 Sales (3,200 units) Cost of goods sold: Cost of goods manufactured (3,800 units) Inventory, April 30 (500 units) Tistal cost of goods sold $49,400 (6,500) Gross profit Selling and administrative expenses Operating income (42,900) $17,900 (10.980) ) 56,920 If the fixed manufacturing costs were $13,338 and the fixed selling and administrative expenses were $5,380, 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 $ 60,800 Variable cost of goods sold Variable cost of goods manufactured Inventory. April 30 V Total variable cost of goods sold Manufacturing natin Vantaale selling and administrative expenses Contribution margin Fixed costs Ebxed manufacturing costs Tad selling and administrative expenses Do dodo IO Totalfixed costs DDR income Feedhack Check My Work
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