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SandhillManufacturing Inc. had sales of $3.00 million for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses:

SandhillManufacturing Inc. had sales of $3.00 million for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses: Variable Fixed Cost of goods sold $901,500 $441,000 Selling expenses 66,000 40,500 Administrative expenses 88,000 95,000 Prepare a CVP income statement for the quarter ended March 31, 2022.

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