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In July, Meers Corporation sold 2,900 units of its only product. Its total sales were $107,300, its total variable expenses were $63,800, and its total
In July, Meers Corporation sold 2,900 units of its only product. Its total sales were $107,300, its total variable expenses were $63,800, and its total fixed expenses were $36,400. Required: Construct the company's contribution format income statement for July. Redo the company's contribution format income statement assuming that the company sells 4,200 units
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