Bruno Manufacturing Inc. has sales of $2,200,000 for the first quarter of 2010. In making the sales, the

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Bruno Manufacturing Inc. has sales of $2,200,000 for the first quarter of 2010. In making the sales, the company incurred the following costs and expenses.

 

                             Variable           Fixed

 Cost of goods sold     $920,000    $440,000 

Selling expenses     70,000               45,000 

Administrative expenses86,000       98,000 

 

 

Complete the CVP income statement for the quarter ended March 31, 2010:

 

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