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Alexxandr [17]
3 years ago
5

Sales $350,000 Cost of goods sold $120,000 Total fixed expenses $60,000 Total variable expenses $100,000 Which amount would you

find on Chap's CVP income statement?
Business
2 answers:
katen-ka-za [31]3 years ago
8 0

Answer:

$190,000

Explanation:

A cost volume profit (CVP) income statement is a type of managerial accounting report that is used for internal purposes only.

CVP income statement:

total sales                          = $350,000

<u>total variable expenses    = ($100,000)</u>

contribution margin          = $250,000

<u>total fixed costs                = ($60,000)  </u>

net income                        = $190,000

A CVP income statement is an analysis tool used to compare variable and fixed costs.

vova2212 [387]3 years ago
7 0

Answer:

Net operating income= $70,000

Explanation:

Giving the following information:

Sales $350,000 Cost of goods sold $120,000 Total fixed expenses $60,000 Total variable expenses $100,000

Income statenent:

Sales= 350,000

COGS= (120,000)

Total variable expenses= (100,000)

Contribution margin= 130,000

Total fixed expense= (60,000)

Net operating income= 70,000

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