Ivanhoe Industries produces and sells a cell phone-operated home security control systems. Information regarding the costs...
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Ivanhoe Industries produces and sells a cell phone-operated home security control systems. Information regarding the costs and sales during May 2022 is as follows. Unit selling price $45.00 Unit variable costs $22.95 Total monthly fixed costs $124,000 Units sold 8,000 Prepare a CVP income statement for Ivanhoe Industries for the month of May. (Round per unit answers to 2 decimal places, e.g. 15.25.) Sales Variable Costs Contribution Margin Fixed Costs Ivanhoe Industries CVP Income Statement For the Quarter Ended May 31, 2022 Total 364500 183600 180900 124000 Per Unit 22.95 45 Percent of Sales 100 % 51.12 % 22.05 48.88 % Ivanhoe Industries produces and sells a cell phone-operated home security control systems. Information regarding the costs and sales during May 2022 is as follows. Unit selling price $45.00 Unit variable costs $22.95 Total monthly fixed costs $124,000 Units sold 8,000 Prepare a CVP income statement for Ivanhoe Industries for the month of May. (Round per unit answers to 2 decimal places, e.g. 15.25.) Sales Variable Costs Contribution Margin Fixed Costs Ivanhoe Industries CVP Income Statement For the Quarter Ended May 31, 2022 Total 364500 183600 180900 124000 Per Unit 22.95 45 Percent of Sales 100 % 51.12 % 22.05 48.88 %
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