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Jerry's Company has the following information available for September 2020. Prepare a CVP income statements. Unit selling price of video game consoles $400 Unit variable
Jerry's Company has the following information available for September 2020.
Prepare a CVP income statements.
Unit selling price of video game consoles | $400 |
Unit variable costs | $280 |
Total fixed costs | $54,000 |
Units sold | 600 |
a. Compute the unit contribution margin
b. Prepare a CVP income statement that shows both total and per unit amounts
c. Compute Jerry's break-even point in units
d. Prepare a CVP income statement for the break-even point that shows both total and per unit amounts
Please explain each step clearly and label each thing. Please explain how you get the numbers.
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