On April the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept:
Joplin Company
Absorption Costing Income Statement
For the Month Ended April
Sales units $
Cost of goods sold:
Cost of goods manufactured units
Inventory, April units
Total cost of goods sold
Gross profit
Selling and administrative expenses
Operating income
If the fixed manufacturing costs were $ and the fixed selling and administrative expenses were $ 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
tableLine Item Description Amount Amount
