Amanda Inc. sold 10,000 units and recorded sales of $400,000 for the first month of 2014. In making the sales, the company incurred the following costs and expenses.

(a) Prepare a CVP income statement for the month ended January 31, 2014.
(b) Compute the contribution margin per unit.
(c) Compute the contribution marginratio.

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Variable Cost of goods sold Selling expenses Administrative expenses $184,000 40,000 16,000 Fixed $70,000 30,000 50,000