Question

Blossom Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2020 are provided below. Unit selling price of security control $45 Unit variable costs $22 Total monthly fixed costs $121,000 Units sold 7,500 Prepare a CVP income statement for Blossom Industries for the month of May. Provide per unit values and total values.

Answer 1

Step-by-step explanation:

Total Per Unit

Sales $ 337,500 $ 45

Less: Variable Cost $ 165,000 $ 22

Contribution margin $ 172,500 $ 23

Less : Fixed Cost $ 121,000

Profit $ 51,500

Sales Total = $ 45 * 7,500 Units

Variable Cost Total = $ 22 * 7,500 Units

Contribution Margin Total = $ 23 * 7500 Units