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 (5,000 units) Cost of goods sold: Cost of goods manufactured (5,800 units) Inventory, April 30 (800 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income $69,600 (9,600) Sales Variable cost of goods sold: Joplin Company Variable Costing Income Statement For the Month Ended April 30 $85,000 If the fixed manufacturing costs were $17,400 and the fixed selling and administrative expenses were $7,300, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. (60,000) $25,000 (14,900) $10,100 85,000

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 \\( \\$ 17,400 \\) and the fixed selling and administrative expenses were \\( \\$ 7,300 \\), prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. If the fixed manufacturing costs were \\( \\$ 17,400 \\) and the fixed selling and administrative expenses were \\( \\$ 7,300 \\), prepare an income statement accord variable costing concept. Round all final answers to whole dollars