?https://edugenwileyplus.com/edugenstudent/mainfruni JS Kimmel, Accounting, Ge P

Question

?https://edugenwileyplus.com/edugenstudent/mainfruni JS Kimmel, Accounting, Ge Practice Assignment Gradebook ORION Downloadable eTextbook ignment Exercise 18-13 (Part Level Submission) Billings Company has the following information available for September 2017 Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $440 308 $59,400 660 Your answer is correct Compute the unit contribution margin. Unit contnibution margin VIDEO: SIHILAR EXERCISE VIDEO: A.PLIED SK?LLS Att ? (b) Prepare a CVP income statement that shows both total and per unit amounts. All Rights Reserved. A Division of John Wiley & Sons Inc to search

Explanation / Answer

Requirement b Billings Company CVP Income Statement For the month Ended September 30,2017 Total Per unit Sales 2,90,400          440 Variable Cost: 2,03,280          308 Contribution Margin      87,120          132 Fixed Costs:      59,400 Net income      27,720 Requirement c Break even point in units =Fixed costs/ Contribution margin Per unit =59,400/ 132 = 450 Units

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