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2. Bishop Company's traditional income statement for a sales volume of 8,000 units is as follows (items that have fixed and variable components are shown
2. Bishop Company's traditional income statement for a sales volume of 8,000 units is as follows (items that have fixed and variable components are shown in the parenthesis) (15 Points) Revenues $32,000 Cost of goods sold ($6,000 + $2.10 per unit) $22,800 Gross profit $ 9,200 Operating expenses Selling ($1,200 + $0.10 per unit) $ 2,000 Administrative ($4,000 + $0.20 per unit) $ 5,600 Operating income $ 1.600 A. Prepare an income statement in the contribution margin approach. B. Calculate the contribution margin per unit. C. Calculate the contribution margin ratio
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