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 (6,700 units) $227,800 Cost of goods sold: Cost of goods manufactured (7,700 units) $184,800 Inventory, April 30 (1,100 units) (26,400) Total cost of goods sold (158,400) Gross profit $69,400 Selling and administrative expenses (40,590) Operating income $28,810 If the fixed manufacturing costs were $46,200 and the fixed seling and administrative expenses were $19,880, 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 227.500 Variable cost of goods sold: Variable cost of goods manufactured 15.400 X Inventory, April 30 26.400 X Total variable cost of goods sold If the fixed manufacturing costs were $46,200 and the fixed selling and administrative expenses were $19,880, 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 227,800 Variable cost of goods sold: Variable cost of goods manufactured 158.400 X Inventory, April 30 V 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 26.400 X Total fixed costs Operating income