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A Corporation produces and sells a single product. In April, the company sold 9,700 units. Its total sales were $543,200, its total variable expenses were
A Corporation produces and sells a single product. In April, the company sold 9,700 units. Its total sales were $543,200, its total variable expenses were $329,800, and its total fixed expenses were $182,200.
Required:
a. Construct the company's contribution format income statement for April in good form.
b. Redo the company's contribution format income statement assuming that the company sells 10,100 units.
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