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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
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.) 1 CARLA VISTA INC. CVP Income Statement For the Quarter Ended March 31, 2022 Sales Variable Costs Contribution Margin Fixed Costs Net Income/(Loss) $ Total 2,390,000 1,171,100 Per Unit 10 5 Percent of Sales 100 % 50 % 1.218,900 5 50 % 649,000 569,000
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