Crane Inc. had sales of $1,804,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed
Cost of goods sold $754,400 $360,800
Selling expenses 57,400 36,900
Administrative expenses 70,520 80,360
Prepare a CVP income statement for the quarter ended March 31, 2022.

Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows: