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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Radial Inc. had sales of $2,400,000 for the first quarter of 2014. In making the sales, the company incurred the costs and expenses shown below.
| Â |
Variable |
Fixed |
|
Cost of goods sold |
$920,000 |
$440,000 |
|
Selling expenses |
70,000 |
45,000 |
|
Administrative expenses |
86,000 |
98,000 |
Prepare a CVP income statement for the quarter ended March 31, 2014.
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