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China Imports Inc. sold 15,000 units in May. Per unit selling price and variable expense were $33 and $25, respectively. Fixed expense incurred for May

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China Imports Inc. sold 15,000 units in May. Per unit selling price and variable expense were $33 and $25, respectively. Fixed expense incurred for May totaled $76,000. Required: Prepare the May income statement for China Imports in the contribution margin format. CHINA IMPORTS INC. May Income Statement Contribution Margin Format $ 0 5 0

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