Question
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 |
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