Burham Manufacturing Inc. sold 8,000 units and recorded sales of $400,000 for the first month of 2012. In making the sales, the company incurred the following costs and expenses.

(a) Prepare a CVP income statement for the month ended January 31, 2012.
(b) Compute the contribution margin per unit.
(c) Compute the contribution marginratio.

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Variable Fixed $184,000 $70,000 Cost of goods sold Selling expenses Administrative expenses 40,000 16,000 30,000 40,000