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Guitian Corporation produces and sells a single product. The company's contribution format income statement for June appears as: Sales (5,500 units) ......$297,000 Variable Expenses.........165,000 Contribution
Guitian Corporation produces and sells a single product. The company's contribution format income statement for June appears as: Sales (5,500 units) ......$297,000 Variable Expenses.........165,000 Contribution Margin........132,000 Fixed Expenses..............105,300 Net operating income....$26,700 Redo contribution format income statement assuming the company sells 5,700 units
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