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

Essay

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.