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(Solution Download) Exercise 18-13 Cannes Company has the following information available for September 2014. Unit selli


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise 18-13

 

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 sold600

 


 

(a) Compute the contribution margin per

 

unit.

 

 

 

 

 

 

 

 

 

Contribution margin per unit

 


 

(b) Prepare a CVP income statement that shows both

 

total and per unit amounts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CANNES COMPANY

 

CVP Income Statement

 

For the Month Ended September 30, 2014

 

 

Total

 

 

Per Unit

 

 

Administrative ExpensesContribution MarginCost of Goods SoldFixed

 

CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable

 

Costs

 

$

 

 

$

 

 

Administrative ExpensesContribution MarginCost of Goods SoldFixed

 

CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable

 

Costs

 

 

 

 

 

Administrative ExpensesContribution MarginCost of Goods SoldFixed

 

CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable

 

Costs

 

 

 

$

 

 

Administrative ExpensesContribution MarginCost of Goods SoldFixed

 

CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable

 

Costs

 

 

 

Administrative ExpensesContribution MarginCost of Goods SoldFixed

 

CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable

 

Costs

 

$

 

 


 

(c) Compute Cannes' break-even point in

 

units.

 

 

 

 

 

 

 

 

 

 

Break-even point in unitsunits

 


 

(d) Prepare a CVP income statement for the

 

break-even point that shows both total and per unit amounts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CANNES COMPANY

 

CVP Income Statement

 

For the Month Ended September 30, 2014

 

 

Total

 

 

Per Unit

 

 

Administrative ExpensesContribution MarginCost of Goods SoldFixed

 

CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable

 

Costs

 

$

 

 

$

 

 

Administrative ExpensesContribution MarginCost of Goods SoldFixed

 

CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable

 

Costs

 

 

 

 

 

Administrative ExpensesContribution MarginCost of Goods SoldFixed

 

CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable

 

Costs

 

 

 

$

 

 

Administrative ExpensesContribution MarginCost of Goods SoldFixed

 

CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable

 

Costs

 

 

 

Administrative ExpensesContribution MarginCost of Goods SoldFixed

 

CostsGross ProfitNet Income/(Loss)SalesSelling ExpensesVariable

 

Costs

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LINK TO TEXT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Question Attempts: 0 of 2 used

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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companies. All rights reserved.

 

 

 


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