Contribution Income Statement and Cost-Volume-Profit Graph

Kopi Company produces dog cages that are sold for $38 per unit. The company produced and sold 5,000 dog cages during July 2017. There were no beginning or ending inventories. Variable and fixed costs follow.

Variable Costs per Unit Fixed Costs per Month

Manufacturing: Manufacturing overhead $35,000

Direct materials $10 Selling and administrative 15,000

Direct labor 2 Total$50,000

Manufacturing overhead 5 $17

Selling and administrative 5

Total $22

Prepare the contribution income statement for July.

Do not use any negative signs with your answers.

Kopi Company Contribution Income Statement For the Month of July 2017

Sales ?

Less variable costs

Direct materials ?

Direct labor ?

Manufacturing overhead ?

Selling and administrative ?

Contribution margin ?

Less fixed cost:

Manufacturing overhead ?

Selling and administrative ?

Profit ?