Norton, Inc. has the following information available for September 2022. Unit selling...
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Accounting
Norton, Inc. has the following information available for September 2022.
Unit selling price of video game consoles | $ | 400 | ||
Unit variable costs | $ | 280 | ||
Total fixed costs | $ | 48,000 | ||
Units sold | 500 |
Prepare a CVP income statement that shows both total and per unit amounts.
NORTON, INC. COMPANY CVP Income Statement choose the accounting period For the Year Ended September 30, 2022September 30, 2022For the Month Ended September 30, 2022 | |||||
---|---|---|---|---|---|
Total | Per Unit | ||||
select an income statement item Fixed costsSalesVariable costsNet income / (Loss)Contribution margin | $enter a dollar amount | $enter a dollar amount | |||
select an income statement item Fixed costsContribution marginVariable costsSalesNet income / (Loss) | enter a dollar amount | enter a dollar amount | |||
select a summarzing line for the first part Variable costsFixed costsContribution marginSalesNet income / (Loss) | enter a total amount for the first part | $enter a total amount per unit | |||
select an income statement item Contribution marginNet income / (Loss)Variable costsFixed costsSales | enter a dollar amount | ||||
select a closing name for this statement Variable costsContribution marginSalesNet income / (Loss)Fixed costs | $enter a total net income or loss amount |
Compute Norton's breakeven in units.
Breakeven | enter breakeven in units | units |
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