Dannys fish camp has sales of 1500000 for the first quarter
Course:- Accounting Basics
Reference No.:- EM13601438

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Danny's Fish Camp has sales of $1,500,000 for the first quarter of 2010. In making the sales, the company incurred the following costs and expenses.

  • Variable Fixed
  • Product Costs $400,000 $550,000
  • Selling expenses $100,000 $75,000
  • Administrative expenses $80,000 $67,000

Instructions: Calculate net income under CVP for 2010.

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