Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $37...

 

Transcribed Image Text:

Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $37 per unit. The company produced and sold 5,600 dog cages during July 2017. There were no beginning or ending inventories. Variable and fixed costs follow. Variable Costs per Unit Fixed Costs per Month Manufacturing: Direct materials $10 Manufacturing overhead Selling and administrative $40,000 16,000 Direct labor 2 Total $56,000 Manufacturing overhead 5 $17 Selling and administrative 5 Total $22 Required Prepare a contribution income statement for July. Do not use any negative signs with your answers. Kopi Company Contribution Income Statement For the Month of July 2017 Sales $ 0 Less variable costs Direct materials $ 0 Direct labor 0 Manufacturing overhead 0 Selling and administrative 0 0 Contribution margin 0 Less fixed cost: Manufacturing overhead 0 Selling and administrative 0 0 Profit $ 0 Check Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $37 per unit. The company produced and sold 5,600 dog cages during July 2017. There were no beginning or ending inventories. Variable and fixed costs follow. Variable Costs per Unit Fixed Costs per Month Manufacturing: Direct materials $10 Manufacturing overhead Selling and administrative $40,000 16,000 Direct labor 2 Total $56,000 Manufacturing overhead 5 $17 Selling and administrative 5 Total $22 Required Prepare a contribution income statement for July. Do not use any negative signs with your answers. Kopi Company Contribution Income Statement For the Month of July 2017 Sales $ 0 Less variable costs Direct materials $ 0 Direct labor 0 Manufacturing overhead 0 Selling and administrative 0 0 Contribution margin 0 Less fixed cost: Manufacturing overhead 0 Selling and administrative 0 0 Profit $ 0 Check