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Due to erratic sales of its sole product-a high-capacity battery for laptop computersPEM, Inc., has been experiencing financial difficulty for some time. The company's

Due to erratic sales of its sole product-a high-capacity battery for laptop computersPEM, Inc., has been experiencing financial difficulty for some time. The company's contribution format income statement for the most recent month is given below: Sales (13,400 units $20 per unit) Variable expenses Contribution margin Fixed expenses Net operating loss $ 268,000 134,000 134,000 149,000 $ (15,000)

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