If the fixed manufacturing costs were $18,270 and the fixed selling and administrative expenses were $8,730, prepare an income statement according to the variable costing concept. Round all final...


If the fixed manufacturing costs were $18,270 and the fixed selling and administrative expenses were $8,730, prepare an income statement according to the variable costing concept.<br>Round all final answers to whole dollars.<br>Joplin Company<br>Variable Costing Income Statement<br>For the Month Ended April 30<br>Variable cost of goods sold:<br>Fixed costs:<br>

Extracted text: If the fixed manufacturing costs were $18,270 and the fixed selling and administrative expenses were $8,730, 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:
Variable Costing Income Statement<br>On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept:<br>Joplin Company<br>Absorption Costing Income Statement<br>For the Month Ended April 30<br>Sales (5,100 units)<br>$107,100<br>Cost of goods sold:<br>Cost of goods manufactured (5,800 units)<br>$87,000<br>Inventory, April 30 (800 units)<br>(12,000)<br>Total cost of goods sold<br>(75,000)<br>Gross profit<br>$32,100<br>Selling and administrative expenses<br>(17,820)<br>Operating income<br>$14,280<br>If the fixed manufacturing costs were $18,270 and the fixed selling and administrative expenses were $8,730, prepare an income statement according to the variable costing concept.<br>Round all final answers to whole dollars.<br>Joplin Company<br>Variable Costing Income Statement<br>For the Month Ended April 30<br>Variable cost of goods sold:<br>

Extracted text: 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 (5,100 units) $107,100 Cost of goods sold: Cost of goods manufactured (5,800 units) $87,000 Inventory, April 30 (800 units) (12,000) Total cost of goods sold (75,000) Gross profit $32,100 Selling and administrative expenses (17,820) Operating income $14,280 If the fixed manufacturing costs were $18,270 and the fixed selling and administrative expenses were $8,730, 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:

Jun 08, 2022
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