Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $37 per unit. The company produced and sold 5,600 dog cages during July 2017. There were no beginning or ending inventories. Variable and fixed costs follow.

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Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $37 per unit. The company produced and sold 5,600 dag 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 $40,000 Direct materials $10 Selling and administrative 16,000 Direct labor Total $56,000 Manufacturing overhead 5 $17 Selling and administrative Tota 2 5 $22 Required Prepare a 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 S 207,200 Less variable costs Direct materials S (56,000) X Direct labor () (11,200) x Manufacturing overhead (28,000) X Selling and administrative 128,000) X X Contribution margin 84.000 Less fixed cost: Manufacturing overhead 40,000 Selling and administrative 16,000 56.000 Profit S 28.0DD