D6.16 (LO 1) Naylor Manufacturing Ltd. sold 8,000 units and recorded sales of $400,000 for the first month of 2022. In making the sales, the company incurred the following costs and expenses. Variable Cost of goods sold 184,000, Fixed Cost of goods sold 70,000, Variable Selling expenses 40,000, Fixed Selling expenses 30,000, Variable Administrative expenses 16,000 Fixed administrative expenses 40,000

a. Prepare a CVP income statement for the month ended January 31, 2022

b. Calculate the contribution margin per unit.

c. Calculate the contribution margin ratio.