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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:
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.
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