Prepare a CVP income statement for the quarter ended March

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Question 1 - Monthly production costs in Pesavento Company for two levels of production are as follows.

Cost                                     3,000 units            6,000 units

Indirect labor                        $10,000                $20,000

Supervisory salaries              5,000                    5,000

Maintenance                          4,000                   7,000

Indicate which costs are variable, fixed, and mixed, and give the reason for each answer.

Question 2 - Bruno Manufacturing Inc. had sales of $2,200,000 for the first quarter of 2010. In making the sales, the company incurred the following costs and expenses.

                                               Variable               Fixed

Cost of goods sold                    $920,000              $440,000

Selling expenses                      70,000                   45,000

Administrative expenses           86,000                   98,000

Prepare a CVP income statement for the quarter ended March 31, 2010.

Reference no: EM131795075

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