Pharoah Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2020 are provided below. Unit selling price of security control Unit variable costs Total monthly fixed costs Units sold $45 $26 $135,000 7,600 Prepare a CVP income statement for Pharoah Industries for the month of May. Provide per unit values and total values.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Pharoah Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of
security controls during May 2020 are provided below.
Unit selling price of security control
Unit variable costs
Total monthly fixed costs
Units sold
$45
$26
$135,000
7,600
Prepare a CVP income statement for Pharoah Industries for the month of May. Provide per unit values and total values.
Transcribed Image Text:Pharoah Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2020 are provided below. Unit selling price of security control Unit variable costs Total monthly fixed costs Units sold $45 $26 $135,000 7,600 Prepare a CVP income statement for Pharoah Industries for the month of May. Provide per unit values and total values.
CVP Income Statement
For the Month Ended May 31, 2020
Total
Per Unit
Transcribed Image Text:CVP Income Statement For the Month Ended May 31, 2020 Total Per Unit
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