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 (4,000 units)			$96,000
Cost of goods sold:
Cost of goods manufactured (4,600 units)	$78,200
Inventory, April 30 (600 units)	(10,200)
Total cost of goods sold			(68,000)
Gross profit			$28,000
Selling and administrative expenses			(17,010)
Operating income			$10,990

If the fixed manufacturing costs were $20,332 and the fixed selling and administrative expenses were $8,330, 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
Sales
Variable cost of goods sold:
Variable cost of goods manufactured
Inventory, April 30
Total variable cost of goods sold
Manufacturing margin
Variable selling and administrative expenses
Contribution margin
Fixed costs:
Fixed manufacturing costs
Fixed selling and administrative expenses
Total fixed costs
Operating income