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Please show me how to calculate the following questions. Pharoah Inc. had sales of $2,220,000 for the first quarter of 2020. In making the sales,
Please show me how to calculate the following questions.
Pharoah Inc. had sales of $2,220,000 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 $934,000 121,000 117,000 Fixed $448,000 81,000 141,000 Prepare a CVP income statement for the quarter ended March 31, 2020. PHAROAH INC. CVP Income Statement For the Quarter Ended March 31, 2020 Sales 2,220,000 Variable Costs Contribution Margin Fixed Costs Net Income/(Loss)Step by Step Solution
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