Risky Corporation had sales of $3,000,000 for the year ended December 31, 2022. The unit selling price

Question:

Risky Corporation had sales of $3,000,000 for the year ended December 31, 2022. The unit selling price was $15. In making the sales, the company incurred the following costs and expenses.


Instructions

a. Prepare a GAAP income statement.
b. Prepare a CVP income statement. Include columns for per unit and percent of sales information.

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Related Book For  book-img-for-question

Managerial Accounting Tools For Business Decision Making

ISBN: 9781119754053

9th Edition

Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell

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