Wildhorse Company has the following information available for September 2020 Unit selling price of video game consoles $570 Unit variable costs $456 Total fixed costs $38,760 Units sold 600 Compute the unit contribution margin Unit contribution margin LINK TO TEXT LINK TO TEXT Prepare a CVP income statement that shows both total and per unit amounts WILDHORSE COMPANY CVP Income Statement For the Month Ended September 30, 2020 Total Per Unit Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income (Loss)SalesSelling ExpensesVariable Costs $ $ Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income (Loss)SalesSelling ExpensesVariable Costs Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income (Loss)SalesSelling ExpensesVariable Costs $ Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income (Loss)SalesSelling ExpensesVariable Costs Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income (Loss)SalesSelling ExpensesVariable Costs $ LINK TO TEXT LINK TO TEXT Compute Wildhorse break even point in units Break even point in units units LINK TO TEXT LINK TO TEXT Prepare a CVP income statement for the break even point that shows both total and per unit amounts WILDHORSE COMPANY CVP Income Statement For the Month Ended September 30, 2020 Total Per Unit Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income (Loss)SalesSelling ExpensesVariable Costs $ $ Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income (Loss)SalesSelling ExpensesVariable Costs Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income (Loss)SalesSelling ExpensesVariable Costs $ Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income (Loss)SalesSelling ExpensesVariable Costs Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income (Loss)SalesSelling ExpensesVariable Costs $

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Posted on Jul 17, 2024

Wildhorse Company has the following information available for September 2020.

Unit selling price of video game consoles		$570
Unit variable costs		$456
Total fixed costs		$38,760
Units sold		600

Compute the unit contribution margin.

Unit contribution margin

LINK TO TEXT

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

WILDHORSE COMPANY CVP Income Statement For the Month Ended September 30, 2020
	Total	Per Unit
Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs	$	$
Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs
Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs		$
Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs
Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs	$

LINK TO TEXT

Compute Wildhorse break-even point in units.

Break-even point in units

units

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

WILDHORSE COMPANY CVP Income Statement For the Month Ended September 30, 2020
	Total	Per Unit
Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs	$	$
Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs
Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs		$
Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs
Administrative ExpensesContribution MarginCost of Goods SoldFixed CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable Costs	$