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Based on the following information, prepare the CVP Income Statement and Calculate the Contribution Margin %. Simple Beauty Company sells environmentally friendly makeup and skin

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Based on the following information, prepare the CVP Income Statement and Calculate the Contribution Margin %. Simple Beauty Company sells environmentally friendly makeup and skin products. They are reviewing the profitability of their major makeup line, "Simply Skin". Information for the year ending March 31, 2021 is as follows: Sales in Units = 500,000 Price per unit - $10 Variable Costs per unit = $4.50 Fixed Costs = $2,000,000 To answer this question practice making the text box larger using the 'x" arrow button and inserting a graph to lay out your CVP income statement. Ensure you show your calculation of the CM (Contribution Margin) %

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