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Cullumber Inc. had sales of $2,330,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Variable
Cullumber Inc. had sales of $2,330,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $959,000 $444,000 Selling expenses 96,000 52,000 Administrative expenses 120,000 102,000
Prepare a CVP income statement for the quarter ended March 31, 2020.
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