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Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 4,250 drum sets manufactured by

Contribution margin income statement and contribution margin ratio LO A1

The following costs result from the production and sale of 4,250 drum sets manufactured by Tom Thompson Company for the year ended December 31, 2013. The drum sets sell for $275 each. The company has a 30% income tax rate.

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