Ivanhoe Company has the following information available for September 2022.
Unit selling price of video game consoles: $480
Unit variable costs: $336
Total fixed costs: $63,360
Units sold: 600
Compute the unit contribution margin.
Unit contribution margin: $144
Prepare a CVP income statement.
IVANHOE COMPANY CVP Income Statement
For the Month Ended September 30, 2022
Total Per Unit Perc
Sales 480
Variable Costs 336
Contribution Margin 144
Fixed Costs 63,360
Net Income/(Loss) (63,216)
Compute Ivanhoe's break-even point in sales units.
Break-even point in units: units