CGI- produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2017 are provided below.
Unit selling price of security control
|
$49 |
Unit variable costs
|
$26 |
Total monthly fixed costs
|
$134,000 |
| Units sold |
7,700 |
Prepare a CVP income statement for Cedar Grove Industries for the month of May. Provide per unit values and total values.