Question: Instructions: (a) Prepare a CVP income statement using the contribution margin format for WXYZ Industries for 2020. (4 marks) (b) What was the company's break-even

Instructions:

(a) Prepare a CVP income statement using the contribution margin format for WXYZ Industries for 2020. (4 marks)

(b) What was the company's break-even point in units in 2020? Use the contribution margin technique. (3 marks)

[TOTAL 10 MARKS]

Instructions: (a) Prepare a CVP income statement using the contribution margin

QUESTION 2 WXYZ Industries developed the following information for the product it sells: Sales price RM50 per unit Variable cost of goods sold RM28 per unit Fixed cost of goods sold RM650,000 Variable selling expense 10% of sales price Variable administrative expense RM2.00 per unit Fixed selling expense RM400.000 Fixed administrative expense RM300,000 For the year ended 31 December 2020, WXYZ produced and sold 100,000 units of product. Instructions: (a) Prepare a CVP income statement using the contribution margin format for WXYZ Industries for 2020. (4 marks) (b) What was the company's break-even point in units in 2020? Use the contribution margin technique. (3 marks) (c) What was the company's margin of safety in dollars in 2020? marks) (3 [TOTAL 10 MARKS

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