contestada

Blossom Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses.
Variable Fixed
Cost of goods sold $936,000 $473,000
Selling expenses 119,000 71,000
Administrative expenses 116,000 120,000
Prepare a CVP income statement for the quarter ended March 31, 2020
BLOSSOM INC.
CVP Income Statement
For the Quarter Ended March 31, 2020

Respuesta :

Tundexi

Answer:

          CVP Income Statement

Sales revenue                   2,300,000

Less: Total variable cost   1,171,000

Contribution margin           1,129,000

Less: Fixed cost                 664,000

Net Operating income     $465,000

Note:

Cost of goods sold    936,000  

Selling expenses       119,000

Admin expense         116,000

Total variable cost    1,171,000

Cost of goods sold       473,000

Selling expenses         71,000

Admin expense           120,000

Total Fixed cost           664,000

Otras preguntas