I need help finishing the rest of the problem. E Managerial Accountin xB 3-1 Problem Set: Mod X* CengageNOWv2 | On x: Cengage LearningCengage Learningb Answered: Income Sta x+A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseGUpdate :Problem Set: Module 6O eBookI Show Me How1. EX.07.02.ALGOVariable Costing Income StatementOn April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing2. TMM.07.01concept:3. EX.07.12.ALGOJoplin CompanyAbsorption Costing Income Statement4. EX.07.05.ALGOFor the Month Ended April 30Sales (4,500 units)$67,5005. TMM.07.05Cost of goods sold:Cost of goods manufactured (5,300 units)$58,300Inventory, April 30 (700 units)(7,700)Total cost of goods sold(50,600)Gross profit$16,900Selling and administrative expenses(11,390)Operating income$5,510If the fixed manufacturing costs were $15,741 and the fixed selling and administrative expenses were $5,580, prepare an income statement accordingto the variable costing concept. Round all final answers to whole dollars.Joplin CompanyVariable Costing Income StatementFor the Month Ended April 30Sales67,500Check My WorkPreviousNextProgress: 4/5 items7:47 PMP Type here to search9951°F12/19/2021近 E Managerial Accountin xB 3-1 Problem Set: Mod X* CengageNOWv2 | On x: Cengage LearningCengage Learningb Answered: Income Sta X+A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseGUpdate :1 eBookto the varlablre costing concept. Round al timar answers to whole aollars.Problem Set: Module 6Show Me How1. EX.07.02.ALGOJoplin CompanyVariable Costing Income StatementFor the Month Ended April 302. TMM.07.01Sales67,5003. EX.07.12.ALGOVariable cost of goods sold:Variable cost of goods manufactured42,5594. EX.07.05.ALGOInventory, April 305,6215. TMM.07.05Total variable cost of goods sold36,938Manufacturing margin$ 30,562Variable selling and administrative expensesXContribution marginFixed costs:Fixed manufacturing costsFixed selling and administrative expensesTotal fixed costsOperating incomeFeedbackV Check My WorkCheck My WorkPreviousNextProgress: 4/5 items7:48 PMP Type here to search9951°F12/19/2021

The income statement is prepared to find the net income or loss incurred during the period.

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

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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