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Chita Corporation produces and sells a single product. The company's contribution format income statement for January appears below: (5 points) Sales (5,500 units) $297,000 Variable
Chita Corporation produces and sells a single product. The company's contribution format income statement for January appears below: (5 points)
Sales (5,500 units) | $297,000 |
Variable costs | 165,000 |
Contribution margin | 132,000 |
Fixed costs | 105,300 |
Operating profit | $26,700 |
Required: Redo the company's contribution format income statement assuming that the company sells 5,700 units.
Sales (5,700 units) |
|
Variable costs |
|
Contribution margin |
|
Fixed costs |
|
Operating profit |
|
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