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Sales (3,100 units) Cost of goods sold: Cost of goods manufactured (3,700 units) Inventory, April 30 (500 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income $66,600 (9,000) 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 · If the fixed manufacturing costs were $13,320 and the fixed selling and administrative expenses were $6,300, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Total variable cost of goods sold $80,600 (57,600) $23,000 (12,860) $10,140 80,600

Sales (3,100 units) Cost of goods sold: Cost of goods manufactured (3,700 units) Inventory, April 30 (500 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income $66,600 (9,000) 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 · If the fixed manufacturing costs were $13,320 and the fixed selling and administrative expenses were $6,300, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Total variable cost of goods sold $80,600 (57,600) $23,000 (12,860) $10,140 80,600

Accounting
Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter21: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 21.28EX: Appendix Absorption costing income statement On June 30, the end of the first month of operations,...
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8:19 AA Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (3,100 units) Cost of goods sold: Cost of goods manufactured (3,700 units) Inventory, April 30 (500 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income 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 sold If the fixed manufacturing costs were $13,320 and the fixed selling and administrative expenses were $6,300, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income $66,600 (9,000) Check My Work $ $80,600 (57,600) $23,000 (12,860) $10,140 v2.cengagenow.com 80,600 LTE Previous Next
Transcribed Image Text:8:19 AA Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (3,100 units) Cost of goods sold: Cost of goods manufactured (3,700 units) Inventory, April 30 (500 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income 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 sold If the fixed manufacturing costs were $13,320 and the fixed selling and administrative expenses were $6,300, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income $66,600 (9,000) Check My Work $ $80,600 (57,600) $23,000 (12,860) $10,140 v2.cengagenow.com 80,600 LTE Previous Next
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