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Colen Corporation produces and sells a single product. In October, the company sold 2,000 units. Its total sales were $150,000, its total variable expenses were
Colen Corporation produces and sells a single product. In October, the company sold 2,000 units. Its total sales were $150,000, its total variable expenses were $78,700, and its total fixed expenses were $55,600.
a)Construct the company's contribution format income statement for October.
b)Redo the company's contribution format income statement assuming that the company sells 1,900 units.
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