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Problem Set: Module 6 1. TMM.07.05 2. EX.07.12.ALGO 3. EX.07.02.ALGO 4. EX.07.05.ALGO 5. TMM.07.01 cengagenow.com 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: Sales (4,100 units) Cost of goods sold: Cost of goods manufactured (4,800 units) Inventory, April 30 (700 units) Joplin Company Absorption Costing Income Statement For the Month Ended April 30 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 + Variable cost of goods sold Fixed costs: ||U|PL|O| If the fixed manufacturing costs were $14,112 and the fixed selling and administrative expenses were $6,680, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. 39 : $67,200 (9,800) 0000 001 $82,000 (57,400) $24,600 (13,640) $10,960

Problem Set: Module 6 1. TMM.07.05 2. EX.07.12.ALGO 3. EX.07.02.ALGO 4. EX.07.05.ALGO 5. TMM.07.01 cengagenow.com 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: Sales (4,100 units) Cost of goods sold: Cost of goods manufactured (4,800 units) Inventory, April 30 (700 units) Joplin Company Absorption Costing Income Statement For the Month Ended April 30 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 + Variable cost of goods sold Fixed costs: ||U|PL|O| If the fixed manufacturing costs were $14,112 and the fixed selling and administrative expenses were $6,680, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. 39 : $67,200 (9,800) 0000 001 $82,000 (57,400) $24,600 (13,640) $10,960

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ㅁ Problem Set: Module 6 1. TMM.07.05 2. EX.07.12.ALGO 3. EX.07.02.ALGO 4. EX.07.05.ALGO 5. TMM.07.01 cengagenow.com Sales (4,100 units) Cost of goods sold: 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: Cost of goods manufactured (4,800 units) Inventory, April 30 (700 units) Joplin Company Absorption Costing Income Statement For the Month Ended April 30 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 + Variable cost of goods sold: Fixed costs: 100 If the fixed manufacturing costs were $14,112 and the fixed selling and administrative expenses were $6,680, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. 39 $67,200 (9,800) 0000 001 $82,000 (57,400) $24,600 (13,640) $10,960 ... ?
Transcribed Image Text:ㅁ Problem Set: Module 6 1. TMM.07.05 2. EX.07.12.ALGO 3. EX.07.02.ALGO 4. EX.07.05.ALGO 5. TMM.07.01 cengagenow.com Sales (4,100 units) Cost of goods sold: 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: Cost of goods manufactured (4,800 units) Inventory, April 30 (700 units) Joplin Company Absorption Costing Income Statement For the Month Ended April 30 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 + Variable cost of goods sold: Fixed costs: 100 If the fixed manufacturing costs were $14,112 and the fixed selling and administrative expenses were $6,680, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. 39 $67,200 (9,800) 0000 001 $82,000 (57,400) $24,600 (13,640) $10,960 ... ?
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