Question

Oriole 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 $48
Unit variable costs $28
Total monthly fixed costs $125,000
Units sold 8,300

Required:
Prepare a CVP income statement for Cedar Grove Industries for the month of May. Provide per unit values and total values.

Answer 1

Cedar Grove

CVP income statement

Unit selling price of security control $48

Unit variable costs $28

Total monthly fixed costs $125,000

Units sold 8,300