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can you help me understand the part that is required from the given? MGT 5 - MANAGERIAL ACCOUNTING PROBLEM 8 GIVEN: 66 VC/UNIT VC %
can you help me understand the part that is required from the given?
MGT 5 - MANAGERIAL ACCOUNTING PROBLEM 8 GIVEN: 66 VC/UNIT VC % FC TAX RATE AFTER-TAX NI 75.00% 396,000 30% 141,680 REQUIRED PREPARE A COMPLETE INCOME STATEMENT REFLECTING THE ABOVE DATA PER UNIT TOTAL UNITS = 27,200 88 SALES VC CM FC 100.00% 75.00% 25.00% 66 22 2,393,600 1,795,200 598,400 396,000 202,400 60.720 141,680 TAX AT 100.00% 30.00% 70.00%Step by Step Solution
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