Accent Company produces dog cages that are sold for $45 per unit

Subject:FinancePrice:3.87 Bought7

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Accent Company produces dog cages that are sold for $45 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			$42,000
Direct materials		$10		Selling and administrative			18,000
Direct labor		2		Total			$60,000
Manufacturing overhead		5	$17
Selling and administrative			5
Total			$22

Prepare a contribution income statement for July.