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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
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 4.200 units) $79,800 Cost of goods sold: Cost of goods manufactured (4,800 units) $62,400 Inventory, April 30 (700 units) (9,100) Total cost of goods sold (53,300 Gross profit $26,500 Selling and administrative expenses (13,840) Operating income $12.660 If the fixed manufacturing costs were $12.480 and the fixed selling and administrative expenses were $6,780, prepare an income statement according to the variable costing concept Round all final answers to whole dollars. If the fixed manufacturing costs were $12,480 and the fixed selling and administrative expenses were $6,780, 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 Variable cost of goods sold: Fixed costs ho
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