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Carla Vista Inc. had sales of $2,390,000 for the first quarter of 2022 (it sold 239,000 units). In making the sales, the company incurred the

Carla Vista Inc. had sales of $2,390,000 for the first quarter of 2022 (it sold 239,000 units). In making the sales, the company incurred the following costs and expenses.

Variable

Fixed

Cost of goods sold

$950,100 $490,000

Selling expenses

111,000 51,000

Administrative expenses

110,000 108,000

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)Variable CostsCost of Goods SoldGross ProfitSelling ExpensesSalesFixed CostsAdministrative ExpensesContribution Margin

$enter a dollar amount

$enter a dollar amount rounded to 2 decimal places enter percentages %

select an income statement item Fixed CostsAdministrative ExpensesCost of Goods SoldVariable CostsSalesSelling ExpensesContribution MarginNet Income/(Loss)Gross Profit

enter a dollar amount

enter a dollar amount rounded to 2 decimal places enter percentages %

select a summarizing line for the first part Selling ExpensesFixed CostsVariable CostsGross ProfitContribution MarginSalesNet Income/(Loss)Cost of Goods SoldAdministrative Expenses

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 Administrative ExpensesGross ProfitFixed CostsSelling ExpensesVariable CostsContribution MarginNet Income/(Loss)Cost of Goods SoldSales

enter a dollar amount

select a closing name for this statement Contribution MarginSalesCost of Goods SoldSelling ExpensesNet Income/(Loss)Fixed CostsAdministrative ExpensesVariable CostsGross Profit

$enter a total net income or loss amount

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