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Hamby inc has sales of 2016000 for the first quarter of


Hamby Inc. has sales of $2,016,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses.

Variable Fixed
Cost of goods sold $774,000 $612,000
Selling expenses 99,000 63,600
Administrative expenses 80,900 74,800

Prepare a CVP income statement for the quarter ended March 31, 2017

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Accounting Basics: Hamby inc has sales of 2016000 for the first quarter of
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