Prepare CVP income statements. Olsen Company has the following information available for September 2019. Unit selling price of video game consoles $ 400 Unit variable costs $ 275 Total fixed costs $52,000 Units sold 600 Instructions (a) Compute the contribution margin per unit. (b) Prepare a CVP income statement that shows both total and per unit amounts.
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- Prepare CVP income statements.
Olsen Company has the following information available for September 2019.
Unit selling price of video game consoles |
$ 400 |
Unit variable costs |
$ 275 |
Total fixed costs |
$52,000 |
Units sold |
600 |
Instructions
(a) |
Compute the contribution margin per unit. |
(b) |
Prepare a CVP income statement that shows both total and per unit amounts. |
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