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Davison Co . prepared the following contribution format income statement based on a sales volume of 1 0 , 0 0 0 units ( the

Davison Co. prepared the following contribution format income statement based on a sales volume of 10,000 units (the relevant range of production is 5,000 units to 15,000 units):
\table[[,],[Sales,265,000],[Variable expenses,159,000],[Contribution margin,106,000],[Fixed expenses,79,500],[Net operating income,$,26,500
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