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 (3,600 units)		$57,600
Cost of goods sold:
Cost of goods manufactured (4,200 units)	$46,200
Inventory, April 30 (600 units)	(6,600)
Total cost of goods sold		(39,600)
Gross profit		$18,000
Selling and administrative expenses		(10,540)
Operating income		$7,460

If the fixed manufacturing costs were $12,012 and the fixed selling and administrative expenses were $5,160, 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 57,600 Variable cost of goods sold: Variable cost of goods manufactured Inventory, April 30 Total variable cost of goods sold V Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income