f the fixed manufacturing costs were $44,712 and the fixed selling and administrative expenses were $20,160, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Joplin Company Variable Costing Income Statement For the Month Ended April 30 Sales 2$ 239,400 Variable cost of goods sold: Variable cost of goods manufactured v 2$ 149,688 Inventory, April 30 V 20,790 Total variable cost of goods sold v 128,898 Manufacturing margin 110,502 Variable selling and administrative expenses 13,860 Contribution margin v 96,642 x Fixed costs: Fixed manufacturing costs 44,712 Fixed selling and administrative expenses 20,160 Total fixed costs v 64,872 Operating income 31,770 X
f the fixed manufacturing costs were $44,712 and the fixed selling and administrative expenses were $20,160, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Joplin Company Variable Costing Income Statement For the Month Ended April 30 Sales 2$ 239,400 Variable cost of goods sold: Variable cost of goods manufactured v 2$ 149,688 Inventory, April 30 V 20,790 Total variable cost of goods sold v 128,898 Manufacturing margin 110,502 Variable selling and administrative expenses 13,860 Contribution margin v 96,642 x Fixed costs: Fixed manufacturing costs 44,712 Fixed selling and administrative expenses 20,160 Total fixed costs v 64,872 Operating income 31,770 X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:f the fixed manufacturing costs were $44,712 and the fixed selling and administrative expenses were $20,160, prepare an income statement according to the variable costing
concept. Round all final answers to whole dollars.
Joplin Company
Variable Costing Income Statement
For the Month Ended April 30
Sales
2$
239,400
Variable cost of goods sold:
Variable cost of goods manufactured v
2$
149,688
Inventory, April 30 V
20,790
Total variable cost of goods sold v
128,898
Manufacturing margin
110,502
Variable selling and administrative expenses
13,860
Contribution margin v
96,642 x
Fixed costs:
Fixed manufacturing costs
44,712
Fixed selling and administrative expenses
20,160
Total fixed costs v
64,872
Operating income
31,770
X
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