Fontillas Manufacturing Ltd. had sales of $2.4 million for the first quarter of 2022. In making the

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Fontillas Manufacturing Ltd. had sales of $2.4 million for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses:

Prepare a CVP income statement for the quarter ended March 31, 2022.

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Managerial Accounting Tools For Business Decision Making

ISBN: 9781119731825

6th Canadian Edition

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

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Question Posted: May 09, 2023 06:34 AM

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Fontillas Manufacturing Ltd. had sales of $2.4 million for the first quarter of 2022. In making the

Question:

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

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