Hello, can someone please help me. I'm new to accounting and i'm having lots of trouble with these questions and i''m not sure how to solve them. i would really really appreciate your help.
Problem 8 - 8 Performing a Comprehensive CVP Analysis ( LO2 - CC 5, 6)The Central Valley Company is a manufacturing firm that produces and sells a single product . Thecompany's revenues and expenses for the last four months are given below .Central Valley CompanyComparative Income StatementMarchAprilMayJUNEJOB ' LSales in units6, 2009, 400Sales revenue$783, 900$ 725, 400$:912, 600$ 1, 095, 8:00Less : Cost of goods sold$ 10, 0.50391, 716$74, 5.52560, 898Gross margin$3.67, 850$3.3.3, 684$ 438, 048$ 538, 902Less : Operating EXPENSESShipping Expense*$ 64,900$ 52, 600$ 68, 40052, 500Advertising Expense95, 500$15, 50095, 500$15, 500Salaries and commissions165, 90013:4, 500170,000165, 000Insurance expense*17, 50017, 50017, 50017, 500Amortization EXPENSE5.0, 50050, 50050, 50050, 500Total operating expenses$3.94, 300$350, 600$401, 900$ 391, 000Net income*$ 126, 450)$ 1 16, 916)$ 36, 140$ 147, 902