Prepare a CVP income statement for the quarter ended March 31, 2011.


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Prepare a CVP income statement for the quarter ended March 31, 2011. 1 answer below ยป K Christel, Inc. sold 20,000 units and recorded sales of $800,000 for the first quarter of 2011. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $250,000 $110,000 Selling expenses 100,000 25,000 Administrative expenses 82,000 73,000 (a)Prepare a CVP income statement for the quarter ended March 31, 2011. (b)Compute the contribution margin per unit. (c)Compute the contribution margin ratio. Jul 08 2014 12:39 PM

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