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E3-17. Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $40 per unit. The company produced and sold 6,000

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E3-17. Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $40 per unit. The company produced and sold 6,000 dog cages during July 2017. There were no beginning or ending inventories. Variable and fixed costs follow. Variable Costs per Unit Manufacturing: Direct materials.. $10 Direct labor... 2 Manufacturing overhead.... Selling and administrative .. Total ... Fixed Costs per Month Manufacturing overhead ...... $40,000 Selling and administrative 20,000 Total ... $60,000 $17 $22 Required a. Prepare a contribution income statement for July. b. Prepare a cost-volume-profit graph. Label the horizontal axis in units with a maximum value of 10,000. Label the vertical axis in dollars with a maximum value of $400,000. Draw a vertical line on the graph for the current (6,000) unit sales level, and label total variable costs, total fixed costs, and total profits at 6,000 units

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