Answer:
The CVP Income Statement will Report a Contribution Margin of $250,000
Explanation:
The question is incomplete, Therefore, the completion is as follows:
A CVP Income Statement would report?
A CVP income statement replaces the gross profit computation in its report with the computation of the Contribution Margin.
The CVP report will therefore report as follows
The sales = $640,000
The Total Variable Expenses =$390,000
The Contribution Margin therefore =
The Sales - Total Variable Expenses
= $640,000- $390,000
= $250,000
Therefore, the CVP Income Statement will Report a Contribution Margin of $250,000
