Homework Help is Here – Start Your Trial Now!
Business
Accounting
Show Me How to tne vanabre costing concept. Round air imal answers to wnole dollars. еВook Joplin Company Variable Costing Income Statement For the Month Ended April 30 Sales 67,500 Variable cost of goods sold: Variable cost of goods manufactured 42,559 Inventory, April 30 5,621 v Total variable cost of goods sold 36,938 Manufacturing margin 30,562 Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income Feedback V Check My Work

Show Me How to tne vanabre costing concept. Round air imal answers to wnole dollars. еВook Joplin Company Variable Costing Income Statement For the Month Ended April 30 Sales 67,500 Variable cost of goods sold: Variable cost of goods manufactured 42,559 Inventory, April 30 5,621 v Total variable cost of goods sold 36,938 Manufacturing margin 30,562 Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income Feedback V Check My Work

Accounting Information Systems
Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter1: Introduction To Accounting Information System
Section: Chapter Questions
Problem 4P
See similar textbooks
icon
Related questions
Question
100%

I need help finishing the rest of the problem. 

E Managerial Accountin x B 3-1 Problem Set: Mod X * CengageNOWv2 | On x : Cengage Learning Cengage Learning b Answered: Income Sta x + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false G Update : Problem Set: Module 6 O eBook I Show Me How 1. EX.07.02.ALGO 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 2. TMM.07.01 concept: 3. EX.07.12.ALGO Joplin Company Absorption Costing Income Statement 4. EX.07.05.ALGO For the Month Ended April 30 Sales (4,500 units) $67,500 5. TMM.07.05 Cost of goods sold: Cost of goods manufactured (5,300 units) $58,300 Inventory, April 30 (700 units) (7,700) Total cost of goods sold (50,600) Gross profit $16,900 Selling and administrative expenses (11,390) Operating income $5,510 If the fixed manufacturing costs were $15,741 and the fixed selling and administrative expenses were $5,580, 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 67,500 Check My Work Previous Next Progress: 4/5 items 7:47 PM P Type here to search 99 51°F 12/19/2021 近
Transcribed Image Text:E Managerial Accountin x B 3-1 Problem Set: Mod X * CengageNOWv2 | On x : Cengage Learning Cengage Learning b Answered: Income Sta x + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false G Update : Problem Set: Module 6 O eBook I Show Me How 1. EX.07.02.ALGO 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 2. TMM.07.01 concept: 3. EX.07.12.ALGO Joplin Company Absorption Costing Income Statement 4. EX.07.05.ALGO For the Month Ended April 30 Sales (4,500 units) $67,500 5. TMM.07.05 Cost of goods sold: Cost of goods manufactured (5,300 units) $58,300 Inventory, April 30 (700 units) (7,700) Total cost of goods sold (50,600) Gross profit $16,900 Selling and administrative expenses (11,390) Operating income $5,510 If the fixed manufacturing costs were $15,741 and the fixed selling and administrative expenses were $5,580, 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 67,500 Check My Work Previous Next Progress: 4/5 items 7:47 PM P Type here to search 99 51°F 12/19/2021 近
E Managerial Accountin x B 3-1 Problem Set: Mod X * CengageNOWv2 | On x : Cengage Learning Cengage Learning b Answered: Income Sta X + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false G Update : 1 eBook to the varlablre costing concept. Round al timar answers to whole aollars. Problem Set: Module 6 Show Me How 1. EX.07.02.ALGO Joplin Company Variable Costing Income Statement For the Month Ended April 30 2. TMM.07.01 Sales 67,500 3. EX.07.12.ALGO Variable cost of goods sold: Variable cost of goods manufactured 42,559 4. EX.07.05.ALGO Inventory, April 30 5,621 5. TMM.07.05 Total variable cost of goods sold 36,938 Manufacturing margin $ 30,562 Variable selling and administrative expenses X Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income Feedback V Check My Work Check My Work Previous Next Progress: 4/5 items 7:48 PM P Type here to search 99 51°F 12/19/2021
Transcribed Image Text:E Managerial Accountin x B 3-1 Problem Set: Mod X * CengageNOWv2 | On x : Cengage Learning Cengage Learning b Answered: Income Sta X + A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false G Update : 1 eBook to the varlablre costing concept. Round al timar answers to whole aollars. Problem Set: Module 6 Show Me How 1. EX.07.02.ALGO Joplin Company Variable Costing Income Statement For the Month Ended April 30 2. TMM.07.01 Sales 67,500 3. EX.07.12.ALGO Variable cost of goods sold: Variable cost of goods manufactured 42,559 4. EX.07.05.ALGO Inventory, April 30 5,621 5. TMM.07.05 Total variable cost of goods sold 36,938 Manufacturing margin $ 30,562 Variable selling and administrative expenses X Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income Feedback V Check My Work Check My Work Previous Next Progress: 4/5 items 7:48 PM P Type here to search 99 51°F 12/19/2021
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Value Chain Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Accounting Information Systems
Accounting Information Systems
Finance
ISBN:
9781337552127
Author:
Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:
Cengage Learning
College Accounting, Chapters 1-27 (New in Account…
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS