Kingbird Corporation had sales of $3,000,000 for the year ended December 31, 2022. The unit...
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Kingbird Corporation had sales of $3,000,000 for the year ended December 31, 2022. The unit selling price was $15. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $560,000 $750,000 Selling expenses 110,000 50,000 230,000 70,000 Administrative expenses Prepare a GAAP income statement. KINGBIRD CORPORATION GAAP Income Statement For the Year Ended December 31, 2022 $ 3,000,000 Sales 560.000 : Cost of Goods Sold Gross Profit On KINGBIRD CORPORATION GAAP Income Statement For the Year Ended December 31, 2022 Sales 3,000,000 Cost of Goods Sold 560,000 Gross Profit Operating Expenses Selling Expenses $ 110,000 230,000 Administrative Expenses Total Operating Expenses , $ Net Income/(Loss) e Textbook and Media Prepare a CVP income statement. (Round per unit answers to 2 decimal places, e.g. 15.25.) KINGBIRD CORPORATION CVP Income Statement 4 Total Per Unit $ . $ e Textbook and Media
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