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Wildhorse Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2020 are provided

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Wildhorse Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2020 are provided below. $49 Unit selling price of security control Unit variable costs Total monthly fixed costs Units sold $28 $121,000 7,600 Prepare a CVP income statement for Wildhorse Industries for the month of May. Provide per unit values and total values. Wildhorse Industries CVP Income Statement For the Month Ended May 31, 2020 Total Per Unit Sales 49 372400 XI Variable Costs 28 212800 X Contribution Margin 21 159600 Fixed Costs 121000 Net Income/(Loss) 38600

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