Contribution Income Statement and Cost-Volume-Prot Graph Kopi Company produces dog cages that are sold for $35 per unit. The company produced and...
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Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $35 per unit. The company produced and sold 7,000 dog cages duringJuly 2017. There were no beginning or ending inventories. Variable and fixed costs follow. Variable Costs per Unlt Fixed Costs per MonthManufacturing: Manufacturing overhead $35,000Direct materials $10 Selling and administrative 15090Direct labor 2 Total $50300Manufacturing overhead _5 $17 Selling and administrative I U1 Total $22 RequiredPrepare a contribution income statement forjuly. Do not use any negative signs with your answers. Kopi CompanyContribution Income Statement For the Month ofjuly 2017 Sales $ 0 Less variable costs Direct materials is 0Direct labor 0Manufacturing overhead 0Selling and administrative 0 0 Contribution margin 0
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