Preparation of a CVP Income Statement for Utech Company
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Please prepare a CVP statement and computer break points
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The solution explains how to prepare a CVP income statement.
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In a CVP Income Statement we separate the fixed and variable costs
UTECH COMPANY
CVP Income Statement
For the year ending Dec 31, 2008
Net Sales 1,800,000
Variable Expenses
Manufacturing Expenses 1,098,000 This includes the variable manufacturing expenses of direct material, direct labor and variable overhead
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