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Prepare a cvp income statement for the month ended january

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Reference no: EM13889107

Amanda Inc. sold 10,000 units and recorded sales of $400,000 for the first month of 2014. In making the sales, the company incurred the following costs and expenses.

Variable

Fixed

Cost of goods sold

$184,000

$70,000

Selling expenses

40,000

30,000

Administrative expenses

16,000

50,000

(a) Prepare a CVP income statement for the month ended January 31, 2014.

(b) Compute the contribution margin per unit.

(c) Compute the contribution margin ratio.

Reference no: EM13889107

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