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Cullumber Inc. had sales of $2,380,000 for the first quarter of 2022 (it sold 238,000 units). In making the sales, the company incurred the
Cullumber Inc. had sales of $2,380,000 for the first quarter of 2022 (it sold 238,000 units). In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $868,000 $459,000 Selling expenses 96,000 84,000 Administrative expenses 107,000- 114,000 Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, e.g. 15.25.) Sales Variable Costs Contribution Margin Fixed Costs $ CULLUMBER INC. CVP Income Statement For the Quarter Ended March 31, 2022 Total Per Unit Percent of Sales $ % $ % %
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