Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $38 per unit. The company produced and sold 5,000 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 $35,000
Direct materials $10 Selling and administrative 15,000
Direct labor 2 Total $50,000
Manufacturing
overhead 5 $17
Selling and
administrative 5
Total $22
Required
Prepare a contribution income statement for July.