Riana Inc. had sales of $2,410,000 for the first quarter of 2024. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Variable Fixed $940,000 $466,000 109,000 72,000 106,000 Administrative expenses 97,000 Prepare a CVP income statement(In Table format) for the quarter that ended on March 31, 2024.

Riana Inc. had sales of $2,410,000 for the first quarter of 2024. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Variable Fixed $940,000 $466,000 109,000 72,000 106,000 Administrative expenses 97,000 Prepare a CVP income statement(In Table format) for the quarter that ended on March 31, 2024.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000
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Reid Company uses the periodic inventory system. On January 1, it had an inventory balance of 250,000. During the year, it made 613,000 of net purchases. At the end of the year, a physical inventory showed it had ending inventory of 140,000. Calculate Reid Companys cost of goods sold for the year.
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William Inc. had sales of $2,382,900 for the first quarter of 2023. In making the sales, the company incurred the costs and expenses shown below. Cost of goods sold Selling expenses Variable Fixed $929,450 $467,450 71,607 48,020 118,490 Administrative expenses 133,210 Prepare a CVP income statement for the quarter ended March 31, 2023.
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