Blossom Company has the following information available for September 2022.Unit selling price of video game consolesUnit variable costsTotal fixed costsUnits sold$400$320$24,000600 Prepare a CVP income statement.SalesVariable CostsContribution MarginFixed CostsNet Income/(Loss)SalesVariable CostsContribution MarginFixed Costs$Net Income/(Loss)SBLOSSOM COMPANYCVP Income StatementFor the Month Ended September 30, 2022Prepare a CVP income statement for the break-even point.$Total240,000192.000Total48,00024,00024,000BLOSSOM COMPANYCVP Income StatementFor the Month Ended September 30, 2022168,000115.50052,50024,000$28,500Per Unit$Per Unit5603858056038580Percent of SalesPercent of Sales

preparation of CVP income statement for both case are as follows

Answered: Blossom Company has the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Blossom Company has the following information available for September 2022. Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $400 $320 $24,000 600