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Prepare a CVP income statement for the quarter ended March

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Reference no: EM132072892

Question - Radial Inc. had sales of $2,400,000 for the first quarter of 2014. In making the sales, the company incurred the costs and expenses shown below.

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, 2014.

Reference no: EM132072892

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