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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 absorption costing concept:

   Joplin Company Absorption Costing Income Statement For the Month Ended April 30
   Sales (2,400 units)			$72,000
   Cost of goods sold:
   Cost of goods manufactured (2,800 units)	$58,800
   Inventory, April 30 (400 units)	(8,400)
   Total cost of goods sold			(50,400)
   Gross profit			$21,600
   Selling and administrative expenses			(12,370)
   Operating income			$9,230

   If the fixed manufacturing costs were $13,524 and the fixed selling and administrative expenses were $6,060, 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
   		$fill in the blank 2
   Variable cost of goods sold:
   	$fill in the blank 4
   	fill in the blank 6
   		fill in the blank 8
   		$fill in the blank 10
   		fill in the blank 12
   		$fill in the blank 14
   Fixed costs:
   	$fill in the blank 16
   	fill in the blank 18
   		fill in the blank 20
   		$fill in the blank 22

Check My Work

If the fixed manufacturing costs were $13,524 and the fixed selling and administrative expenses were $6,060, 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
		$fill in the blank 2
Variable cost of goods sold:
	$fill in the blank 4
	fill in the blank 6
		fill in the blank 8
		$fill in the blank 10
		fill in the blank 12
		$fill in the blank 14
Fixed costs:
	$fill in the blank 16
	fill in the blank 18
		fill in the blank 20
		$fill in the blank 22