The 44 Shop is a large retailer of equipment for pickup trucks. An income statement...
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The 44 Shop is a large retailer of equipment for pickup trucks. An income statement for the company's Bed Liner Department for the most recent quarter is presented below: Notes: \begin{tabular}{l|rr|} \hline Note 1: Selling price per unit & $ & 358.00 \\ \hline Note 2: Administrative expenses - variable portion & & 18% \\ \hline & & 82% \\ \hline Note 2: Administrative expenses - fixed portion & & 45.00 \\ \hline Note 3: Variable selling expenses per unit & $ & \end{tabular} Note 3: The remaining selling expenses are fixed Required: 1. How many units were sold? Prepare a CVP income statement for the quarter ended March 31st The 44 Shop CVP Income Statement- Liner Department \begin{tabular}{|l|l|} \hline Sales Revenue \\ \hline Less: Variable Costs (list alphabetically) & \\ \hline & \\ \hline Total Variable Costs & \\ \hline Less: Fixed Costs (list alphabetically) & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Total Fixed Costs & \\ \hline & \\ \hline Operating Income (Loss) & \\ \hline \end{tabular}
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