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Cedar Grove Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2017 are
Cedar Grove Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2017 are provided below.
Unit selling price of security control | $45 | |
Unit variable costs | $25 | |
Total monthly fixed costs | $124,000 | |
Units sold | 8,400 |
Prepare a CVP income statement for Cedar Grove Industries for the month of May. Provide per unit values and total values.
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