Fontillas Manufacturing Inc. had sales of $2.5 million for the first quarter of 2012. In making the
Question:
Fontillas Manufacturing Inc. had sales of $2.5 million for the first quarter of 2012. In making the sales, the company incurred the following costs and expenses:
__________________________________ Variable __________ Fixed
Cost of goods sold ........................... $850,000 ........... $450,000
Selling expenses .............................. 140,000 ............... 65,000
Administrative expenses .......................70,000 ................ 90,000
Prepare a CVP income statement for the quarter ended March 31, 2012?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
FONTILLAS MANUFACTURING INC CVP Income Statement ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118033890
3rd Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
Question Posted:
Students also viewed these Managerial Accounting questions
-
Fontillas Manufacturing Inc. had sales of $2.4 million for the first quarter of 2016. In making the sales, the company incurred the following costs and expenses: Prepare a CVP income statement for...
-
The 1997 Annual Report of Sunbeam Corp. reported net income of $ 109.4 million, with sales of $ 1.2 billion. According to CEO chainsaw Al Dunlap, we had an amazing year. Mr. Dunlap was well known...
-
The World Restaurant is situated in a local shopping center and serves food of many different cultures. It also caters private functions for companies. The results of operations for the fourth...
-
Simplify each expression. Assume that all variables represent nonzero real numbers. (xy-3)-2
-
The following quote refers to the problems of Campeau Corporation, a Canadian-based retail empire that later declared bankruptcy. At the time, campeaus department store chains included Bloomingdales,...
-
Determine the ratio a/b for which the shear force will be zero at the midpoint C of the beam. B. - b2 - b/2
-
What are the main types of investment alternatives?
-
Fair Value and Equity Method Compared) Gregory Inc. acquired 20% of the outstanding common stock of Henderson Inc. on December 31, 2010. The purchase price was $1,250,000 for 50,000 shares. Henderson...
-
Take me to the text Tom Kings is a working at a law firm. His salary recently increased and he would like to keep track of his net worth. Tom has gathered the followin information. Assume his net...
-
Kitchen World Inc. is a Canadian controlled private corporation (CCPC) that operates a retail business selling cooking utensils, knives and small appliances for both professional chefs and home...
-
Cottonwood Company reports the following operating results for the month of April. COTTONWOOD COMPANY CVP Income Statement For the Month Ended April 30, 2012 Management is considering the following...
-
Jagswear, Inc. earned operating income of $100,000 during 2012. The company wants to earn operating income of $140,000 during 2013. Its fixed costs are expected to be $56,000, and variable costs are...
-
Consider a popular DRM system like Apples FairPlay, used to protect audio tracks purchased from the iTunes music store. If a person purchases a track from the iTunes store by an artist managed by a...
-
Complete the following table: (Enter your responses rounded to two decimal places.) Initial value New value 51 101 Percentage change 49.50 % 166 138 - 16.87 % 6.67% 165 Help! 7,184 9,374 23.36 %
-
A physics instructor wants to project a spectrum of visible-light colors from 400 nm to 700 nm as part of a classroom demonstration. She shines a beam of white light through a diffraction grating...
-
A home mortgage has exactly 14.5 years remaining until it is paid off. Monthly payments are $380 on this loan. The interest rate is 6% per year, compounded monthly. What is the principal balance of...
-
Complete the sentence below. The polynomial 2x-3x + 12x-2 is of degree The polynomial 2x5 -3x + 12x-2 is of degree (Type an integers or decimals.) The leading coefficient is The leading coefficient is
-
Two vectors A and B are shown in the figure. Vector A has a magnitude of r = 22.1 and an angle of 0 = 32.3. Vector B has a magnitude of r = 47.3 and an angle of 0 B = 60.7. The figure is not to...
-
You have learned that businesses have cash receipts in various forms including transactions with charge cards and bankcards; checks; and currency. PERSONAL FINANCE ACTIVITY What do you know about the...
-
Cornell and Roberts are partners who agree to admit Stanley to their partnership. Cornell has a capital balance of $80,000 and Roberts has a capital balance of $120,000. Cornell and Roberts share net...
-
The Kamloops Outdoors Corporation, which produces a highly successful line of summer lotions and insect repellents and sells them to wholesalers, has decided to diversify in order to stabilize its...
-
Manning Industries manufactures and sells three different models of wet-dry shop vacuum cleaners. Although the shop vacs vary in terms of quality and features, all are good sellers. Manning is...
-
Tandy Teck manufactures an electronic component for a high-end computer. The company currently sells 50,000 units a year at a price of $280 per unit. These units are produced using a machine that was...
-
A time endowment is Multiple Choice the maximum number of hours in a period that a person can work. all of these answer options are correct. the number of hours in a day. the largest amount of time...
-
1.0778 Synthetic Method anic 015 2.08 TFR NH White Hispanic 2050/2015 Targeting Method 2015 NH White - Convergence Adjusted NH White 2050 Hispanic Hispanic Factor Difference 2050 2.24 (1) (2) (3) (4)...
-
At the end of the chapter is a description of how Amazon has been successful. If there is a new 'internet' company that is just starting, what factors will have to be taken into account with respect...
Study smarter with the SolutionInn App