Kingbird Corporation had sales of $3,360,000 for the year ended December 31, 2022. The unit selling...
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Kingbird Corporation had sales of $3,360,000 for the year ended December 31, 2022. The unit selling price was $12. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable $810,000 112,000 254,000 Fixed $780,000 52,000 74,000 Required Prepare a CVP income statement Prepare a GAAP income statement Kingbird Corporation had sales of $3,360,000 for the year ended December 31, 2022. The unit selling price was $12. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable $810,000 112,000 254,000 Fixed $780,000 52,000 74,000 Required Prepare a CVP income statement Prepare a GAAP income statement
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CVP Income Statement Sales 3360000 Variable costs Cost of go... View the full answer
Related Book For
Managerial Accounting Tools For Business Decision Making
ISBN: 9781119754053
9th Edition
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
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