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Grape Inc., which produces and sells a single product, has provided the following contribution format income statement for March: Sales (5,000 units) Variable expenses Contribution
Grape Inc., which produces and sells a single product, has provided the following contribution format income statement for March: Sales (5,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $310,000 125,000 185,000 104,500 $ 80,500 Required: Redo the company's contribution format income statement assuming that the company sells 5,200 units. (Do not round intermediate calculations.) Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 322,400 130,000 192,400 $ 192,400
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