FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Oriole Manufacturing Ltd. had sales for January 2022 of $1,025,000. The units sold were 20,500, and the expenses for January 2022
were as follows:
Variable
Fixed
Cost of goods sold
$209,100
$123,000
Selling expenses
63,550
31,775
Administrative expenses
27,675
32,800
Prepare a detailed CVP income statement for the month ended January 31, 2022. (Round per unit cost to 2 decimal places, e.g.
15.25.)
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Transcribed Image Text:Oriole Manufacturing Ltd. had sales for January 2022 of $1,025,000. The units sold were 20,500, and the expenses for January 2022 were as follows: Variable Fixed Cost of goods sold $209,100 $123,000 Selling expenses 63,550 31,775 Administrative expenses 27,675 32,800 Prepare a detailed CVP income statement for the month ended January 31, 2022. (Round per unit cost to 2 decimal places, e.g. 15.25.)
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