Russell Inc. had sales of $2,200,000 for the first quarter of 2022. In making the sales, the
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Russell Inc. had sales of $2,200,000 for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses.
Prepare a CVP income statement for the quarter ended March 31, 2022. Compute the break-even point.
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Variable Fixed Cost of goods sold Selling expenses $920,000 $440,000 70,000 45,000 Administrative expenses 86,000 98,000
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