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Sandhill Company has the following information available for September 2020. Unit selling price of video game consoles $480 Unit variable costs $288 Total fixed costs

Sandhill Company has the following information available for September 2020.

Unit selling price of video game consoles $480
Unit variable costs $288
Total fixed costs $57,600
Units sold 600

Part 1

Compute the unit contribution margin.

Unit contribution margin enter the unit contribution margin

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Part 2

Prepare a CVP income statement that shows both total and per unit amounts.

SANDHILL COMPANY CVP Income Statement For the Month Ended September 30, 2020

Total

Per Unit

select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs

$enter a dollar amount

$enter a dollar amount

select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs

enter a dollar amount

enter a dollar amount

select a summarizing line for the first part Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs

enter a total amount for the first part

$enter a total amount per unit

select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs

enter a dollar amount

select a closing name for this statement Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs

$enter a total net income or loss amount

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Part 3

Compute Sandhill break-even point in units.

Break-even point in units enter Break-even point in units units

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Part 4

Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.

SANDHILL COMPANY CVP Income Statement For the Month Ended September 30, 2020

Total

Per Unit

select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs

$enter a dollar amount

$enter a dollar amount

select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs

enter a dollar amount

enter a dollar amount

select a summarizing line for the first part Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs

enter a total amount for the first part

$enter a total amount per unit

select an income statement item Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs

enter a dollar amount

select a closing name for this statement Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs

$enter a total net income or loss amount

Save for Later

Attempts: 0 of 1 used

Submit Answer

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