Question 3 of 7 3.82/5 E View Polldes Show Attempt History Current Attempt in Progress Your answer is partially correct Cullumber Inc had sales of $ 2,300,000 for the first quarter of 2022 (it sold 230.000 units) In making the sales, the company incurred the following costs and expenses. Fixed Cost of goods sold $ 474,000 Variable $892.000 104,000 108,000 Selling expenses Administrative expenses 77.000 102,000 Prepare a CVP income statement for the quarter ended March 31, 2022 (Round per unit answers to 2 decimal places es 15.25.) CULLUMBER INC. CVP Income Statement For the Quarter Ended March 31, 2022 Total Per Unit Percent of Sales S Sales 2,300,000 S 10 100% 1104000 02 Variable Costa 2 % V 1196000 Contribution Margin 0.19 19 Fored Costs 653000 Net Income/Loss) V 543000 eTextbook and Media Attempts: 2 of 3 used Submit Answer Save for at