Norton Inc. has the following information available for September 2016. $\begin{array}{lr}
\text { Unit selling price of video game consoles } & \$ 400 \
\text { Unit variable costs } & \$ 280 \
\text { Total fixed costs } & \$ 48,000 \
\text { Units sold } & 500
\end{array}$ Instructions
(a) Prepare a CVP income statement that shows both total and per unit amounts.
(b) Compute Norton's breakeven in units.

Question

Norton Inc. has the following information available for September 2016. $\begin{array}{lr}
\text { Unit selling price of video game consoles } & \$ 400 \
\text { Unit variable costs } & \$ 280 \
\text { Total fixed costs } & \$ 48,000 \
\text { Units sold } & 500
\end{array}$  Instructions
(a) Prepare a CVP income statement that shows both total and per unit amounts.
(b) Compute Norton's breakeven in units.

Quizplus · Accepted Answer

The Answer of Norton Inc. has the following information available for September 2016. $\begin{array}{lr}
\text { Unit selling price of video game consoles } & \$ 400 \
\text { Unit variable costs } & \$ 280 \
\text { Total fixed costs } & \$ 48,000 \
\text { Units sold } & 500
\end{array}$  Instructions
(a) Prepare a CVP income statement that shows both total and per unit amounts.
(b) Compute Norton's breakeven in units.

Norton Inc Instructions (A) Prepare a CVP Income Statement That Shows Both

Norton Inc Instructions
(A) Prepare a CVP Income Statement That Shows Both