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    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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    Please see the attached file

    In a CVP Income Statement we separate the fixed and variable costs

    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

    Solution Summary

    The solution explains how to prepare a CVP income statement.