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Grey Companys sales are $600,000, its fixed expenses are $150,000, and its variable expenses are 60% of sales. Grey sold 10,000 units. Based on this
Grey Companys sales are $600,000, its fixed expenses are $150,000, and its variable expenses are 60% of sales. Grey sold 10,000 units. Based on this information, prepare a CM income statement, Show computations.
Please note: For the income statement above, you must show number of units X $ per unit where appropriate.
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