ment eBook M G in Show Me How Cenge 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 Staten ent For the Month Ended April 30 Sales (3,500 units) $91,000 Cost of goods sold: Cost of goods manufactured (4,100 units) $73,800 Inventory, April 30 (600 units) (10,800) Total cost of goods sold (63,000) Gross profit $28,000 Selling and administrative expenses (16,050) Operating Income $11,950 G B If the fixed manufacturing costs were $17,712 and the fixed selling and administrative expenses were $7,860, 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 manufactured Check My Work 1 more Check My Work uses remaining. 56,088 3,116 91,000 Previous +88 M All work saved. Save and Exit Submit Assignment for Grading inment eBook Total cost of goods sold Gross profit Selling and administrative expenses Operating income Show Me How (63,000) $28,000 (16,050) $11,950 O D Canges C If the fixed manufacturing costs were $17,712 and the fixed selling and administrative expenses were $7,860, 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: 91,000 38,028 7,360 30,168 1888 Variable cost of goods manufactured Inventory, April 30 Total variable cost of goods manufactured Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs 56,088 3.116 17,712 7,360 Operating income Check My Work 1 more Check My Work uses remaining All work saved. 25.572 4,596