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BRIEF EXERCISE 6-5 Understanding Cost Behaviour and Contribution Margin (L01 - CC1, 3; L03 - CC12] Murugan Ltd. had the following results for the year

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BRIEF EXERCISE 6-5 Understanding Cost Behaviour and Contribution Margin (L01 - CC1, 3; L03 - CC12] Murugan Ltd. had the following results for the year Sales $45,000 39.000 Less: Operating expertes Net operating income $6000 The average selling price for the units sold was $15 per unit and werage variable cost 89 per unit. Required: Prepare a contribution margin income statement

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