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Contribution Income Statement and Cost-Volume-Profit Graph Jasper Company produces a product that is sold for S40 per unit. The company produced and sold 6,000 units
Contribution Income Statement and Cost-Volume-Profit Graph Jasper Company produces a product that is sold for S40 per unit. The company produced and sold 6,000 units during June 2013. There were no beginning or ending inventories. Variable and fixed costs follow. Required a. Prepare a contribution income statement for June. b. Prepare a cost-volume-profit graph. Label the horizontal axis in units with a maximum value of 10,000. Label the vertical axis in dollars with a maximum value of $400,000. Draw a vertical line on the graph for the current (6,000) unit sales level, and label total variable costs, total fixed costs, and total profits at 6,000 units
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