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Sunland Manufacturing Inc. had sales of $2.80 million for the first quarter of 2022. In making...

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Sunland Manufacturing Inc. had sales of $2.80 million for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses: Cost of goods sold Selling expenses Variable $913,000 67,000 Administrative expenses 87,500 Fixed $442,500 44,000 96,000 Prepare a CVP income statement for the quarter ended March 31, 2022. Sunland Manufacturing Inc. had sales of $2.80 million for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses: Cost of goods sold Selling expenses Variable $913,000 67,000 Administrative expenses 87,500 Fixed $442,500 44,000 96,000 Prepare a CVP income statement for the quarter ended March 31, 2022.

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