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Prepare a cvp income statement for the quarter ended march

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Hamby Inc. has sales of $2,000,000 for the first quarter of 2014. In making the sales, the company incurred the following costs and expenses.

Variable

Fixed

Cost of goods sold

$760,000

$600,000

Selling expenses

95,000

60,000

Administrative expenses

79,000

66,000

Prepare a CVP income statement for the quarter ended March 31, 2014.

Reference no: EM13888965

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