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Wildhorse Company has the following information available for September 2022. Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $470 $329 $50,760 600

Wildhorse Company has the following information available for September 2022. Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $470 $329 $50,760 600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Wildhorse Company has the following information available for September 2022: - **Unit selling price of video game consoles**: $470 - **Unit variable costs**: $329 - **Total fixed costs**: $50,760 - **Units sold**: 600
Transcribed Image Text:Wildhorse Company has the following information available for September 2022: - **Unit selling price of video game consoles**: $470 - **Unit variable costs**: $329 - **Total fixed costs**: $50,760 - **Units sold**: 600
**WILDHORSE COMPANY: CVP Income Statement** *For the Month Ended September 30, 2022* | **Category** | **Total ($)** | **Per Unit ($)** | **Percent of Sales (%)** | |---------------------------|---------------|------------------|--------------------------| | **Sales** | 282,000 | 470 | | | **Variable Costs** | 197,400 | 329 | | | **Contribution Margin** | 84,600 | 141 | | | **Fixed Costs** | 50,760 | | | | **Net Income/(Loss)** | 33,840 | | | This income statement shows the financial performance of Wildhorse Company for September 2022, highlighting key figures such as sales, variable costs, contribution margin, fixed costs, and net income. The figures are presented in total and on a per-unit basis, with spaces allocated for calculating percentages relative to sales.
Transcribed Image Text:**WILDHORSE COMPANY: CVP Income Statement** *For the Month Ended September 30, 2022* | **Category** | **Total ($)** | **Per Unit ($)** | **Percent of Sales (%)** | |---------------------------|---------------|------------------|--------------------------| | **Sales** | 282,000 | 470 | | | **Variable Costs** | 197,400 | 329 | | | **Contribution Margin** | 84,600 | 141 | | | **Fixed Costs** | 50,760 | | | | **Net Income/(Loss)** | 33,840 | | | This income statement shows the financial performance of Wildhorse Company for September 2022, highlighting key figures such as sales, variable costs, contribution margin, fixed costs, and net income. The figures are presented in total and on a per-unit basis, with spaces allocated for calculating percentages relative to sales.
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