Response to the following problem:
Cannes Company has the following information available for September 2014.
Unit selling price of video game consoles $ 400
Unit variable costs $ 275
Total fixed costs $52,000
Units sold 600
Instructions
(a) Compute the contribution margin per unit.
(b) Prepare a CVP income statement that shows both total and per unit amounts.
(c) Compute Cannes' break-even point in units.
(d) Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.