PRINTER VERSION Fontillas Manufacturing Inc. had sales of $2.90 million for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses: Variable Fixed Cost of goods sold $915,000 $440,000 Selling expenses 69,500 44,500 Administrative expenses 85,000 98,500 Prepare a CVP income statement for the quarter ended March 31, 2020. FONTILLAS MANUFACTURING INC. CVP Income Statement 17 RAENG 2 o BI E here to search & 7 8 6 A 5 ES Do It! Review 6.15 ac Queensland Company makes radios that sell for $30 each. For the coming year, management expects fixed costs to total $158,600 and variable costs to be $22.50 per unit. Calculate the break-even point in dollars using the contribution margin ratio. Break-even point $ tudy LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the margin of safety ratio assuming actual sales are $793,000. Margin of safety ratio LINK TO TEXT LINK TO TEX! LINK TO TEXT Calculate the sales dollars required to an operating income of $113,000. Required sales A ING 11:29 PM 2010-07 here to charch PRINTER Exercise 6.29 b-c Embleton Company estimates that variable costs will be 65% of sales, and fixed costs will total $856,800. The selling price of the product is $6. Calculate the break-even point in units and dollars. Break-even point units Break-even point LINK TO TEXT LINK TO TEXT Assuming actual sales are $3,264,000, calculate the margin of safety in dollars and as a ratio. Margin of safety Margin of safety ratio LINK TO TEXT LINK TO TEXT search O i 9