Already know some of the answers, just need help with showing work and how to create a variable or cvp income statement, thank you.

5. Create a Variable or CVP Income Statement to the right or below for PEM, INC

6. What is the break even in units sold?

EM,Inc makes a single product. First year income statement is Variable costs per unit $ $ $ $ Fixed costs Material $ 300,000.00 ($12/unit) $ 190,000.00 6.00 Overhead Labor 9.00 Selling Overhead 3.00 Selling 5.00 Units sold 25,000 25,000 Units Produced End Inventory Sale price 50.00 $ Traditional Profit & Loss Statement Sales (25,000 at $50) 1,250,000 Cost of Goods Sold: Cost of Goods Sold (25000*30) 750,000 500,000 Gross Profit 125,000 190,000 Variable Selling (25000*5) Fixed selling 185,000 Net Income 5 Create a Variable or CVP Income Statement to the right or below for PEM, Inc