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Exercise 20-16 (Part Level Submission) An investment banker is analyzing two companies that specialize in the production and sale of candied yams. Traditional Yams uses

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Exercise 20-16 (Part Level Submission) An investment banker is analyzing two companies that specialize in the production and sale of candied yams. Traditional Yams uses a labor-intensive approach, and Auto-Yams uses a mechanized system. CVP income statements for the two companies are shown below Traditional Auto-Yams 392,000 392,000 157,000 235,000 192,000 5 43,000 Yams Sales Variable costs Contribution margin Fixed costs Net income 319,000 73,000 30,000 $ 43,000

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