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Prepare contribution margin income statement for the month

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Reference no: EM13889984

Bowery Company manufactures a single product that sells for $100 per unit. The company projects sales of 400 units per month. Projected costs follow.

type of Cost

Manufacturing

Non-manufacturing

Variable

$10,000

$6,000

Non-variable

13,000

5,000

1. Prepare a contribution margin income statement for the month.

2. What is the contribution margin ratio?

3. What volume, in terms of units, must the company sell to break even?

Reference no: EM13889984

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