Brief Exercise 18-07 Pharoah Inc. had sales of $2,320,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $966,000 $488,000 Selling expenses 86,000 47,000 Administrative expenses 117,000 144,000 Prepare a CVP Income statement for the quarter ended March 31, 2020. PHAROAH INC. CVP Income Statement For the Quarter Ended March 31, 2020 Click if you would like to Show Work for this question: Open Show Work Brief Exercise 18-1i. For Crane Company, actual sales are $1,390,000, and break-even sales are $945,200. Compute the margin of safety in dollars. Margin of safety LINK TO TEXT Compute the margin of safety ratio. Margin of safety ratio Brief Exercise 18-04. Cullumber Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Total Miles Total Driven Cost Driven Cost January 8,005. $14,170 March 8,500 $14,790 February 7,500 13,490 April 8,200 14,485 Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per miles LINK TO TEXT Compute the fixed cost elements using the high-low method. Fixed costs Click if you would like to Show Work for this question: Open Show Work