Cannes Company has the following information available for September 2014.

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.

(c) Compute Cannes’ break-even point in units.

(d) Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.

AppendixLO1