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Cannes Company has the following information available for September 2014.Unit selling price of video game consoles $748Unit variable costs $514Total fixed costs $93,600Units sold 1,122(a) Compute the contribution margin per unit.Contribution margin per unit (b) Prepare a CVP income statement that shows both total and per unit amounts. (c) Compute Cannes' break-even point in units.(d) Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.
Prepare the cost of merchandise sold section of the income statement for the year ended March 31, 2010, using the periodic method. Also determine gross profit.
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The Company has no beginnings or ending inventories. TheCompany produced and sold 10,000 units last month. What is the Company's contribution margin ratio?
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