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Calculate net income under cvp

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Reference no: EM131800533

Problem

Kipling Company has sales of $1,500,000 for the first quarter of 2016. In making the sales, the company incurred the following costs and expenses.

Variable

Fixed

Product costs

$500,000

$550,000

Selling expenses

100,000

75,000

Administrative expenses

80,000

67,000

Calculate net income under CVP for 2016.

Reference no: EM131800533

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