Bruno Manufacturing Inc. has sales of $2,200,000 for the first quarter of 2010. In making the sales, the company incurred the following costs and expenses.
Cost of goods sold $920,000 $440,000
Selling expenses 70,000 45,000
Administrative expenses 86,000 98,000
Complete the CVP income statement for the quarter ended March 31, 2010.
BRUNO MANUFACTURING INC.
CVP Income Statement
For the Quarter Ended March 31, 2010
Sales Fixed costs Variable costs $
Variable costs Fixed costs Sales
Fixed costs Variable costs Sales
Net income $© BrainMass Inc. brainmass.com June 4, 2020, 1:45 am ad1c9bdddf
See attached file.
CVP Income statement
Less: Variable costs
Cost of ...
The expert completes a CVP income statement for Bruno Manufacturing.