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

question 62

Essay

Norton Inc. has the following information available for September 2016.  Unit selling price of video game consoles $400 Unit variable costs $280 Total fixed costs $48,000 Units sold 500\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.

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