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SunlandManufacturing Inc. had sales of $2.45 million for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses:
SunlandManufacturing Inc. had sales of $2.45 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 | $916,000 | $443,000 | |||||
Selling expenses | 72,000 | 43,500 | |||||
Administrative expenses | 89,000 | 95,500 |
Prepare a CVP income statement for the quarter ended March 31, 2022.
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