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During the past year, United Memories sold 1 5 0 , 0 0 0 units. Each of these units was sold at a price of
During the past year, United Memories sold units. Each of these units was sold at a price of $ At the end of the year, the accounting department identified the costs per unit to be: $ in materials, $ for selling costs, and $ for general expenses. Fixed costs for the year were $ The president of United Memories wants to know what the contribution margin and net income were for the year.
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