Hamby Inc. has sales of $2,000,000 for the first quarter of 2017. In making the sales, the

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

Variable Fixed Cost of goods sold Selling expenses Administrative expenses $760,000 $600,000 95,000 79,000 60,000 66,000


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

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Related Book For  answer-question

Accounting Principles

ISBN: 978-1118875056

12th edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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