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homework 5: JART manufactures and sells underwater markers. Its contribution margin income statement follows. Contribution Margin Income Statement Per Unit $ 7.00 For Year Ended
homework 5: JART manufactures and sells underwater markers. Its contribution margin income statement follows. Contribution Margin Income Statement Per Unit $ 7.00 For Year Ended December 31 Sales (540,000 units) Variable costs Direct materials Direct labor Variable overhead Contribution margin Fixed costs Fixed overhead Fixed general and administrative Income 1.58 0.32 0.70 4.40 0.20 0.15 $ 4.05 Annual Total $ 3,780,000 853,200 172,800 378,000 2,376,000 108,000 81,000 $ 2,187,000
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