1. Blue Diamond, Inc. sold 20,000 units and recorded sales of $800,000 for the first quarter of 2016. In making the sales, the company incurred the following costs and expenses.

1. Prepare a CVP income statement for the quarter ended March 31, 2016.
2. Compute the contribution margin per unit.
3. Compute the contribution margin ratio.

I ONLY NEED A. THANKS!

Variable Fixed Cost of goods sold Selling expenses Administrative expenses $250,000 100,000 82,000 $110,000 25,000 73,000