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 (2,900 units)		$46,400
Cost of goods sold:
Cost of goods manufactured (3,300 units)	$36,300
Inventory, April 30 (500 units)	(5,500)
Total cost of goods sold		(30,800)
Gross profit		$15,600
Selling and administrative expenses		(8,800)
Operating income		$6,800

If the fixed manufacturing costs were $9,438 and the fixed selling and administrative expenses were $4,310, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

Sales = 46400

Variable cost of good manufactured:

Inventory, April 30 =26862

Total Variable cost of goods sold = 4070

Manufacturing Margin =

Variable selling and administrative expenses =

Contribution margin =

Fixed Costs:

Fixed manufacturing costs =

Fixed selling and administrative expenses =

Total Fixed Costs =

Operating income =