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Prepare a cvp income statement for uriel industries

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Reference no: EM133012458

Question - CVP Income Statement - Uriel Industries produces and sells a machine thermostat. Information regarding the costs and sales of thermostats during September 2020 are provided below:

Unit selling price of thermostat P3,000

Unit variable costs P1,200

Total monthly fixed costs P5,700,000

Unit sold 4,000 units

Prepare a CVP income statement for Uriel Industries for the month of September. Provide per unit values.

Additional questions:

1. What is the contribution margin ratio?

2. Assume if Uriel sales increase by P200,000, how much will its net income increase?

Reference no: EM133012458

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