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Cedar Grove Industries produces and sells a cell phone-operated home security control systems. Information regarding the costs and sales during May 2022 is as follows.
Cedar Grove Industries produces and sells a cell phone-operated home security control systems. Information regarding the costs and sales during May 2022 is as follows. Unit selling price $45.00 Unit variable costs $21.60 Total monthly fixed costs $120,000 Units sold 8,000 Prepare a CVP income statement for Cedar Grove Industries for the month of May. (Round per unit answers to 2 decimal places, e.g. 15.25.) Cedar Grove Industries Cedar Grove Industries CVP Income Statement For the Month Ended May 31, 2022 Total Per Unit Percent of Sales Net Income/(Loss) $ $ % Variable Costs % Contribution Margin $ % Fixed Costs Net Income/(Loss) $
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