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Current Attempt in Progress Cullumber Markets imports and sells small bear-shaped piatas. In planning for the coming year, the company's owner is evaluating several
Current Attempt in Progress Cullumber Markets imports and sells small bear-shaped piatas. In planning for the coming year, the company's owner is evaluating several scenarios. For each scenario under consideration, prepare a contribution margin income statement showing the anticipated operating income. Consider each scenario is applied independently to the original data. Last year's income statement is as follows: Total Per Unit Sales revenue $820,000 $20.00 Variable expenses 451,000 11.00 Contribution margin 369,000 $9.00 Fixed expenses 175,000 Operating income $194,000
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