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A company sold 4 , 4 0 0 units of its only product and reported the following contribution margin income statement for this year. For

A company sold 4,400 units of its only product and reported the following contribution margin income statement for this year.
For next year, management estimates that variable costs per unit can be reduced by $16 by installing a new machine. To obtain these
savings, the company must increase its annual fixed costs by $52,800. The selling price per unit will not change.
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Prepare a contribution margin income statement for next year that shows the expected results with the new machine
installed.
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