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im completely lost here Grape Inc., which produces and sells a single product, has provided the following contribution format income statement for March: Sales (5,000
im completely lost here
Grape Inc., which produces and sells a single product, has provided the following contribution format income statement for March:
Sales (5,000 units) | $ | 330,000 |
Variable expenses | 150,000 | |
Contribution margin | 180,000 | |
Fixed expenses | 106,500 | |
Net operating income | $ | 73,500 |
Required:
Redo the company's contribution format income statement assuming that the company sells 5,200 units. (Do not round intermediate calculations.)
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