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 $(6,600$ units$)$ $$198,000$

Cost of goods sold:

Cost of goods manufactured $(7,700$ units$)$ $$161,700$

Inventory, April $30(1,100$ units$)(23,100)$

Total cost of goods sold $(138,600)$

Gross profit $$59,400$

Selling and administrative expenses $(33,990)$

Operating income $$25,410$

If the fixed manufacturing costs were $$37,191$ and the fixed selling and administrative expenses were $$16,650,$ 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 $30$