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A cement manufacturer has supplied the following data: Tons of cement produced and sold=220000 sales revenue=$924,000 variable manufacturing exp=$297,000 fixed manufacturing exp=$280,000 variable selling and
A cement manufacturer has supplied the following data: Tons of cement produced and sold=220000 sales revenue=$924,000 variable manufacturing exp=$297,000 fixed manufacturing exp=$280,000 variable selling and admin. exp.=$180,000 fixed selling and admin. exp.=$82,000 Prepare a traditional and a contribution format income statement.
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