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During April, Honest Charlene's sold 75 autos. Required - Prepare a traditional income statement as of April 30 . All numbers should be rounded to
During April, Honest Charlene's sold 75 autos. Required - Prepare a traditional income statement as of April 30 . All numbers should be rounded to the nearest dollar. - Prepare a contribution format income statement as of April 30. All numbers should be rounded to the nearest dollar. Show costs and revenues on both a total and per unit basis down through the contribution margin. Bequired - Prepare a traditional income statement as of April 30. All numbers should be rounded to the nearest dollar. - Prepare a contribution format income statement as of April 30. All numbers should be rounded to the nearest dollar, Show costs and revenues on both a total and per unit basis down through the contribution margin. - What costs does the Contribution Margin Income Statement format isolate (make apparent) that the Traditional Income Statement format does not? - For the contribution format income statement, why might it be misleading to show the fixed costs on a per unit basis? Honest Charlene's Auto Dealer purchases used cars at auto auctions and sells them retail. The autos, on average, sell for approximately $20,000 each and cost Charlene $13,500. The costs that the company incurs in a typical month are listed below
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