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 $30$

Line Item Description Amount Amount

Sales $(2,600$ units$)$ $$78,000$

Cost of goods sold:

Cost of goods manufactured $(3,000$ units$)$ $$63,000$

Inventory, April $30(400$ units$)(8,400)$

Total cost of goods sold $(54,600)$

Gross profit $$23,400$

Selling and administrative expenses $(13,190)$

Operating income $$10,210$

If the fixed manufacturing costs were $$13,860$ and the fixed selling and administrative expenses were $$6,460,$ 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

$$-$ Select $-$

Variable cost of goods sold:

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

Fixed costs:

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$