The traditional income statement for Sandhill Company shows sales $1,080,000, cost of goods sold $720,000, and operating expenses $240,000 Assuming all costs and expenses are 70 variable and 30 fixed, prepare a CVP income statement through contribution margin SANDHILLCOMPANY CVP Income Statement select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses $enter a dollar amount select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses $enter a dollar amount select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses enter a dollar amount select a summarizing line for the first part Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses enter a total amount for the first part select a closing name for this statement Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses $enter a total net income or loss amount

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Posted on Jul 20, 2024

The traditional income statement for Sandhill Company shows sales $1,080,000, cost of goods sold $720,000, and operating expenses $240,000. Assuming all costs and expenses are

The traditional income statement for Sandhill Company shows sales $1,080,000, cost of goods sold $720,000, and operating expenses $240,000. Assuming all costs and expenses are 70% variable and 30% fixed, prepare a CVP income statement through contribution margin.

SANDHILLCOMPANY CVP Income Statement
select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income / (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses		$enter a dollar amount
select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income / (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses
select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income / (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses	$enter a dollar amount
select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income / (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses	enter a dollar amount
select a summarizing line for the first part Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income / (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses		enter a total amount for the first part
select a closing name for this statement Administrative ExpensesContribution MarginCost of Goods SoldFixed ExpensesNet Income / (Loss)SalesSelling ExpensesTotal Fixed ExpensesTotal Variable ExpensesVariable ExpensesOperating Expenses		$enter a total net income or loss amount