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Oriole Inc. had sales of $2,260,000 for the first quarter of 2022 (it sold 226,000 units). In making the sales, the company incurred the
Oriole Inc. had sales of $2,260,000 for the first quarter of 2022 (it sold 226,000 units). In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $947,000 $461,000 Selling expenses 74,000 91,000 Administrative expenses 109,000. 100,000 Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, eg. 15.25.) ORIOLE INC. CVP Income Statement For the Quarter Ended March 31, 2022 Sales Variable Costs Contribution Margin Fixed Costs Net Income/(Loss) Total 2260000 1130000 1130000 652000 Per Unit 10.00 5.00 Percent of Sales: 100 50 i 50
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