Your answer is partially correct. Pharoah Inc. had sales of $2.220.000 for the first quarter of 2022 0t sold 222.000 units). In making the sales, the company incurred the following costs and expenses. Variable $694,400 $448,000 121.000 Administrative expenses 117,000 Cost of goods sold Selling expenses Show Transcribed Text C Sale Variable Costs Contribution Margin Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, eg. 15.25.) Fland Costs Fixed et e Lossl 81,000 141.000 3 Total PHAROAH INC. CVP Income Statement For the Quarter Ended March 31, 2022 10000 2.220,000 C 916400 1303600 $ $ Per Unit Percent of Sales 100 % 50 % 50 %
Your answer is partially correct. Pharoah Inc. had sales of $2.220.000 for the first quarter of 2022 0t sold 222.000 units). In making the sales, the company incurred the following costs and expenses. Variable $694,400 $448,000 121.000 Administrative expenses 117,000 Cost of goods sold Selling expenses Show Transcribed Text C Sale Variable Costs Contribution Margin Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, eg. 15.25.) Fland Costs Fixed et e Lossl 81,000 141.000 3 Total PHAROAH INC. CVP Income Statement For the Quarter Ended March 31, 2022 10000 2.220,000 C 916400 1303600 $ $ Per Unit Percent of Sales 100 % 50 % 50 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Your answer is partially correct.
Pharoah Inc. had sales of $2.220.000 for the first quarter of 2022 it sold 222.000 units). In making the sales, the company incurred the following costs and expenses.
Cost of goods sold
Selling expenses
Administrative expenses
121.000
Show Transcribed Text
Variable Costs
117,000
Fad
$448.000
Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, eg. 15.25.)
5
[
p
PHAROAH INC.
CVP Income Statement
For the Quarter Ended March 31 2022 v
Total
2220000
#16400
Per Unit
5
1
Percent of Sales.
100
Do
Jx
]
નવા સી
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F92f78856-93f6-45ec-a26c-5c66acba6460%2F80462297-a17f-4eac-a83b-ea99db057d63%2Fgxfovr8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Your answer is partially correct.
Pharoah Inc. had sales of $2.220.000 for the first quarter of 2022 it sold 222.000 units). In making the sales, the company incurred the following costs and expenses.
Cost of goods sold
Selling expenses
Administrative expenses
121.000
Show Transcribed Text
Variable Costs
117,000
Fad
$448.000
Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, eg. 15.25.)
5
[
p
PHAROAH INC.
CVP Income Statement
For the Quarter Ended March 31 2022 v
Total
2220000
#16400
Per Unit
5
1
Percent of Sales.
100
Do
Jx
]
નવા સી
4
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