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M5 project Save Home Insert Draw Page Layout Formulas Data Review View Tell me Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. E26 A fx E 5 6 8 9 10 A B D 4 A. Calculate the missing amounts in MVP's Income Statement presented for financial reporting purposes below: MVP, Inc Income Statement 7 For the Year Ended December 31, 2020 Sales $375,000 Cost of Goods Sold: Direct Materials (variable) 100,000 Direct Labor (variable) 19,800 Manufacturing Overhead ($40,000 is fixed) 89,750 Cost of Goods Sold 209,550 Gross Profit n/a Operating Expenses: Sales Commissions (variable) 12,500 Shipping (variable) 2,500 18 Advertising (fixed) 9,900 19 B Wir (of which $10,000 is fixed) 10,250 20 Sales and Administrative Salaries (fixed) 108,000 Total Operating Expenses 143,150 22 Operating Income (Loss) n/a WN 11 12 13 14 15 16 17 21 24 Additional Information Sales Price per unit 51100 26 Plant capety relevant range is 60,000 units per year 27 All variable expenses in the company vary in terms of units sold There was no Canin Inventory level between the beginning and end of the year 29 20 S. Uuline the information ove calculate the missing amounts below Unit of product My sold in 2020 Well open for fowie osts Martheid MA 55 5 29 D 10 Using the information above, calculate the segment below 11 Units of product MVP sold in 2020 22 Variable cost per unit for the following mixed costs 60.000 / 33 . Variable Manufacturing Overhead per unit 1302-13/1 Variable Billing per un as $132.1000SUMCHOC1,17/031) 36 c. Using MVP's 2020 Income statement above, prepare contribution margin income ment below the formule 18 37 Total Units Amount 18 PerUnit Na 39 Sales 40 Variable costs Direct Materials 42 Direct Labor Variable Manufacturing Overhead 14 Sales Commons Shipping Variableng Total Variable Costs Contribution Margin Fixed Costs: Fixed Manufacturing Overhead Advertising Na va M M IN va va IMA Na 333333333 40,000 9,900 107 000 10,000 166,900 / -CIR -C20 Sales and Admin. Salaries Fixed Billing Total Fixed Costs Net Operating Income (Loss) -SUMIC50.053) n/a Wint: Operating comme