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Variable Costing Income Statement On April 30, the end at the rst month of operations, lopIIn Company prepared the following income statement, based on the absorption Gosling oonoept: Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales {5,700 units) $171,000 Cost of goods sold: Cost of goods manufactured (6,500 unils) $136,500 Inventory, April 30 {900 units) (18,900) Total cost of goods sold (117,600) Gross prot $53,400 Selling and admlnlshatlve expenses (30,830) Operating income $22,570 If the fixed manufatturing cosls were $34,125 and the fixed selling and administrative expenses were $15,100, prepare an income statement according to the variable costing concept. Round all nal answers to whole dollars. Joplin Company Variable Costing Income Statement For the Month Ended April 30 Sales ,1 Vanable cost of goods sold: Variable cost of goods manufactured f f Inventory, April 30 'l Total variable cost of goods sold J Manufacturing margin ( Variable selling and administrative expenses 9' Contribution margin Q Fined costs: Fixed manufacturing costs '3 Fixed selling and administrative expanses J Total fixed costs q} Operating inconle J