Question
Carla Vista Inc. had sales of $2,340,000 for the first quarter of 2022 (it sold 234,000 units). In making the sales, the company incurred the
Carla Vista Inc. had sales of $2,340,000 for the first quarter of 2022 (it sold 234,000 units). In making the sales, the company incurred the following costs and expenses.
Variable | Fixed | |||
---|---|---|---|---|
Cost of goods sold | $863,400 | $468,000 | ||
Selling expenses | 121,000 | 75,000 | ||
Administrative expenses | 92,000 | 103,000 |
Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, e.g. 15.25.)
CARLA VISTA INC. CVP Income Statement choose the accounting period March 31, 2022For the Quarter Ended March 31, 2022For the Month Ended March 31, 2022 | ||||||
---|---|---|---|---|---|---|
Total | Per Unit | Percent of Sales | ||||
select an income statement item Net Income/(Loss)Selling ExpensesContribution MarginVariable CostsFixed CostsGross ProfitSalesAdministrative ExpensesCost of Goods Sold | $enter a dollar amount | $enter a dollar amount rounded to 2 decimal places | enter percentages % | |||
select an income statement item Cost of Goods SoldVariable CostsFixed CostsContribution MarginSelling ExpensesSalesNet Income/(Loss)Administrative ExpensesGross Profit | enter a dollar amount | enter a dollar amount rounded to 2 decimal places | enter percentages % | |||
select a summarizing line for the first part SalesContribution MarginNet Income/(Loss)Fixed CostsAdministrative ExpensesCost of Goods SoldGross ProfitSelling ExpensesVariable Costs | enter a total amount for the first part | $enter a total amount per unit rounded to 2 decimal places | enter total percentages % | |||
select an income statement item Variable CostsSalesFixed CostsNet Income/(Loss)Selling ExpensesGross ProfitCost of Goods SoldContribution MarginAdministrative Expenses | enter a dollar amount | |||||
select a closing name for this statement Variable CostsNet Income/(Loss)Cost of Goods SoldAdministrative ExpensesGross ProfitFixed CostsContribution MarginSelling ExpensesSales | $enter a total net income or loss amount |
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