CoursHeroTranscribedText: Kopi Company produces dog cages that are sold for $40 per unit. The company...
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CoursHeroTranscribedText: Kopi Company produces dog cages that are sold for $40 per unit. The company produced and sold 6,000 dog cages during July 2017. There were no beginning or ending inventories. Variable and fixed costs follow. Variable Costs per Unit Fixed Costs per Month Manufacturing: Manufacturing overhead $40,000 Direct materials $10 Selling and administrative 20,000 Direct labor Total $60,000 Manufacturing overhead 5 $17 Selling and administrative 5 Total $22 Required Prepare a contribution income statement for July. Do not use any negative signs with your answers. Kopi Company Contribution Income Statement For the Month of July 2017 Sales $ Answer Less variable costs Direct materials S Answer Direct labor Answer Manufacturing overhead Answer Selling and administrative Answer Answer Contribution margin Answer Less fixed cost: Manufacturing overhead Answer Selling and administrative Answer Answer Profit S
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