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2. Prepare a forecasted contribution margin income statement with two columns showing the expected results of plan 1 and plan 2. The statements should report

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2. Prepare a forecasted contribution margin income statement with two columns showing the expected results of plan 1 and plan 2. The statements should report sales, total variable costs, contribution margin, total fixed costs, income before taxes, income taxes (35% rate and net income. BURCHARD CO Forecasted Contribution Margin Income Statement Plan 1 Plan 2 32,000 27,200 Number of units: 0 0 0 0 0

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