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Hamby Inc. has sales of $2,030,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses. xed

image text in transcribedHamby Inc. has sales of $2,030,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses.

xed Cost of goods sold Selling expenses Administrative expenses Variable $779,000 96,200 81,900 Fixed $610,000 65,100 58,400 Prepare a CVP income statement for the quarter ended March 31, 2017. HAMBY INC. Income Statement

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