Sales (5,800 units) Cost of goods sold: Joplin Company Absorption Costing Income Statement For the Month...

 

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Sales (5,800 units) Cost of goods sold: Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Cost of goods manufactured (6,700 units) Inventory, April 30 (900 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income $145,000 $120,600 (16,200) (104,400) $40,600 (23,680) $16,920 If the fixed manufacturing costs were $26,532 and the fixed selling and administrative expenses were $11,600, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Sales (5,800 units) Cost of goods sold: Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Cost of goods manufactured (6,700 units) Inventory, April 30 (900 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income $145,000 $120,600 (16,200) (104,400) $40,600 (23,680) $16,920 If the fixed manufacturing costs were $26,532 and the fixed selling and administrative expenses were $11,600, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

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To prepare an income statement according to the variable costing concept we need to separate the fix... View the full answer