MESSAGE MY Question 1 Norton, Inc. has the following information avalilable for

Question

MESSAGE MY Question 1 Norton, Inc. has the following information avalilable for September 2016. Unit selling price of video game consoles 400 Unit variable costs Total fixed costs Units sold $280 $48,000 500 Prepare a CVP income statement that shows both total and per unit amounts NORTON, INC. COMPANY CVP Income Statement For the Month Ended September 30, 2016 Total Per Unit Compute Norton's breakeven in units. Breakeven units By accessing this Question Assistance, you will learn while you earn points based on the Point Potenti

Explanation / Answer

Norton Inc Company

CVP Income statement for the month ended september 30,2016

Breakeven in units = Fixed cost / Contribution margin per unit

= $48000 / $120

= 400 units.

Particulars Amount($) Per unit($) Sales $200000 $400 Variable cost ($140000) $280 Contribution margin $60000 $120 Fixed cost ($48000) Net income $12000 $24

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