Dr$.$ Sam Lanzafame

Instuctions: Please choose any $5$ questions, $20$ points each.

Nam

$4.$ Please prepare a GAAP Income Statement and a CVP Income Statement based on the following info:

The company name is your name, the date is the end of the current month and year.

Sales

Direct Materials

Direct Labor

Manufacturing $OH$

Sales Commissions

Sales Personnel Salaries

CEO Salary

units @ $$340)$

units $$5$

units @$$30$

$$40,000$

$(1,000$ units @ $$15)$

$$10,000$

$$90,000$

GAAP Income Statement

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