Exercise 18-13 the following information available for September 2017. Unit sell

Question

Exercise 18-13 the following information available for September 2017. Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $712 $498 S96,300 Compute the unit contribution margin. Unit contribution margin Prepare a CVP income statement that shows both total and per unit amounts. BILLINGS COMPANY CVP Income Statement Per Unit Compute Billings' break-even point in units. Break-even point in units Prepare a CVP income statement for the break-even point that shows both total and per unit amounts. units BILLINGS COMPANY CVP Income Statement Total Per Unit

Explanation / Answer

Unit contribution margin=712-498= $214 BILLINGS COMPANY CVP Income Statement For the Month Ended September 30, 2017 Total Per unit Sales 760416 712 Variable Costs 531864 498 Contribution Margin 228552 214 Fixed Costs 96300 Net Income/(Loss) 132252 Break even point in units=96300/214= 450 BILLINGS COMPANY CVP Income Statement For the Month Ended September 30, 2017 Total Per unit Sales 320400 712 Variable Costs 224100 498 Contribution Margin 96300 214 Fixed Costs 96300 Net Income/(Loss) 0

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