Question 1 Cedar Grove Industries produces and sells a cell phone-operated home security control. Information regarding...

Question 1 Cedar Grove Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2017 are provided below. Unit selling price of security control $45 Unit variable costs $27 Total monthly fixed costs $135,000 Units sold 8,500 Prepare a CVP income statement for Cedar Grove Industries for the month of May. Provide per unit values and total values. Cedar Grove Industries CVP Income Statement Total Per Unit $ $ $ $

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Expert Solution

Ans. CVP Income Statement (in $) for Cedar Grove Industries

Sales value Per unit value

Sales(8500X45) 382500 45

Variable cost(8500X27) (229500) 27

Contribution margin 153000 18

Fixed Exp. (135000)

Net profit 18000

Contribution margin ratio = 153000/382500 = 40%

ekkarill92 answered 1 year ago

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