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Instructions: (a) Prepare a CVP income statement using the contribution margin format for WXYZ Industries for 2020. (4 marks) (b) What was the company's break-even
Instructions:
(a) Prepare a CVP income statement using the contribution margin format for WXYZ Industries for 2020. (4 marks)
(b) What was the company's break-even point in units in 2020? Use the contribution margin technique. (3 marks)
(c) What was the company's margin of safety in dollars in 2020? (3 marks)
[TOTAL 10 MARKS]
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