Last year Pod Products, Inc., sold its product for $250 per unit. Production costs totaled $40,000 (25

Fantastic news! We've Found the answer you've been seeking!

Question:

Last year Pod Products, Inc., sold its product for $250 per unit. Production costs totaled $40,000 (25 percent fixed, 75 percent variable). Selling and administrative costs totaled $150,000 (10 percent fixed, 90 percent variable). Pod Products produced and sold 1,000 units last year.

Prepare a contribution margin income statement for Pod Products, Inc.