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Hamby Inc. has sales of $2,082,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Cost

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Hamby Inc. has sales of $2,082,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable Fixed $776,000 $607,000 98,200 65,100 85,400 72,700 Prepare a CVP income statement for the quarter ended March 31, 2020. HAMBY INC. Income Statement $

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