QUESTION 4 E22.13 E22.13 (LO 3, 4) Billings Company has the following information available for September 2020. Prepare CVP income statements. Unit selling price of video game consoles $ 400 Unit variable costs $ 280 Total fixed costs $54,000 Units sold 600 Instructions a. Compute the unit contribution margin. b. Prepare a CVP income statement that shows both total and per unit amounts. c. Compute Billings' break-even point in units. d. Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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QUESTION 4
E22.13
E22.13 (LO 3, 4) Billings Company has the following information available for
September 2020.
Prepare CVP income statements.
Unit selling price of video game consoles $ 400
Unit variable costs
$ 280
Total fixed costs
$54,000
Units sold
600
Instructions
a. Compute the unit contribution margin.
b. Prepare a CVP income statement that shows both total and per unit amounts.
c. Compute Billings' break-even point in units.
d. Prepare a CVP income statement for the break-even point that shows both total
and per unit amounts.
Transcribed Image Text:QUESTION 4 E22.13 E22.13 (LO 3, 4) Billings Company has the following information available for September 2020. Prepare CVP income statements. Unit selling price of video game consoles $ 400 Unit variable costs $ 280 Total fixed costs $54,000 Units sold 600 Instructions a. Compute the unit contribution margin. b. Prepare a CVP income statement that shows both total and per unit amounts. c. Compute Billings' break-even point in units. d. Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.
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