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Cul lumber Company has sales of $1,524,000 for the rst quarter of 2022. In making the sales, the company incurred the following costs and expenses.

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Cul lumber Company has sales of $1,524,000 for the rst quarter of 2022. In making the sales, the company incurred the following costs and expenses. Variable Fixed Product costs $503,000 $553,000 Selling expenses 103,000 78,000 Administrative expenses 83,000 70,000 Calculate the company's net income under CVP for 2022. Net Income $

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