Last year Pod Products Inc. sold its product for ($250) per unit. Production costs totaled ($40,000) (25%
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Last year Pod Products Inc. sold its product for \($250\) per unit. Production costs totaled \($40,000\) (25% fixed, 75% variable). Selling and administrative costs totaled \($150,000\) (10% fixed, 90% variable).
Pod Products produced and sold 1,000 units last year.
Required
Prepare a contribution margin income statement for Pod Products Inc.
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