Answer:
JOPLIN COMPANY
VARIABLE COSTING INCOME STATEMENT
Unit sold <u>275,000</u>
Sales $4,950,000
Variable cost :
Cost of Goods sold( $4,050,000-337,500 - 450,000) (3,262,500)
Selling and Administrative expense ( 275,000 - 165,000)<u> (110,000)</u>
Contribution 1,577,500
Fixed Cost:
manufactured cost 450,000
Selling and administrative expenses <u> 165,000 </u> <u>615,000</u>
Net Income <u> 962,500</u>
Explanation: