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have the answer I just need the formulas and to know how to figure them out.I need the steps and work so I can understand
have the answer I just need the formulas and to know how to figure them out.I need the steps and work so I can understand
Online 225 Add-ons Help Last edit was yesterday at 8:31 PM Arial 12 + B IUA lili 2011 UP IIII ini !!! Example of problem on Contribution Format Income Statement Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total sales were $160,000, its total variable expenses were $78,600, and its total fixed expenses were $55,500 Required: a Construct the company's contribution format income statement for April. (Do not round intermediate calculations.) 78,600 Sales 160,000 Variable expenses Contribution margin 81,400 Fixed expenses 55,500 Net operating income $ 25,900 b. Redo the company's contribution format income statement assuming that the company sells 1,900 units. (Do not round intermediate Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 152,000 74,670 77,330 55,500 bs 21.830Step by Step Solution
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