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Ivanhoe sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company's income statement from last month

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Ivanhoe sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company's income statement from last month is as follows: Total Per Unit Sales revenue $689,000 $53 Variable expenses 275,600 21.20 Contribution margin 413,400 $31.80 Fixed expenses 279,000 Operating income $134,400

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