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 soldSelling expensesAdministrative expenses121.000Show Transcribed TextVariable Costs117,000Fad$448.000Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, eg. 15.25.)5[pPHAROAH INC.CVP Income StatementFor the Quarter Ended March 31 2022 vTotal2220000#16400Per Unit51Percent of Sales.100DoJx]નવા સી4

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 %

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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