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
Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN:9781337485913
Author:BROOKS
Publisher:BROOKS
Chapter6: Professional Accounting In The Public Interest
Section: Chapter Questions
Problem 11.1EC
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