Russell Inc. had sales of $2,200,000 for the first quarter of 2017. In making the sales, the

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Russell Inc. had sales of $2,200,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses.

Prepare a CVP income statement for the quarter ended March 31, 2017.

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Managerial Accounting Tools for Business Decision Making

ISBN: 978-1119036432

7th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Aug 12, 2016 11:13 AM

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Russell Inc. had sales of $2,200,000 for the first quarter of 2017. In making the sales, the

Question:

Variable Fixed Cost of goods sold Selling expenses Administrative expenses 920,000 $440,000 45,000 98,000 70,000 86,000

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