Prepare a cost volume profit income statement for quarter

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Reference no: EM132526533

Fontillas Manufacturing Corp. has sales of 1,800,000 for the first quarter of 2005. In making the sales, the company incurred the following costs and expenses

                                         Variable                          Fixed

Cost of Goods Sold                 750,000                  540,000

Selling Expenses                       95,000                  60,000

Administrative Expenses            79,000                    70,000

Question 1: Prepare a Cost Volume Profit income statement for the quarter ended March 31, 2005

Reference no: EM132526533

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