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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

image text in transcribedimage text in transcribed 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: If the fixed manufacturing costs were $34,560 and the fixed selling and administrative expenses were $14,990, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. If the fixed manufacturing costs were $34,5$0 and the fixed selling and administrative expenses i Feedback Check My Work Sales - (Variable Cost of Goods Manufactured* - Variable Costing Ending inventory**) = Manufacturing Margin; Manufacturing Margin - Variable Selling and Administrative Expenses = Contribution Margin; Contribution Margin - (Fixed Manufacturing Costs +

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