OrioleManufacturing Inc. had sales of $2.65 million for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses: Cost of goods sold Selling expenses Administrative expenses Variable $909,000 72,500 87,500 Fixed $443,000 ORIOLE MANUFACTURING INC. CVP Income Statement 41,500 97,500 Prepare a CVP income statement for the quarter ended March 31, 2022.

OrioleManufacturing Inc. had sales of $2.65 million for the first quarter of 2022 in making the sales, the company incurred the following costs and expenses: Prepare a CVP income statement for the quarter ended March 31, 2022. Prepare a CVP income statement for the quarter ended March 31, 2022