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Magic Realm, Inc. has developed a new fantasy board game. The company sold 14,000 games last year at a selling price of $20 per game
Magic Realm, Inc. has developed a new fantasy board game. The company sold 14,000 games last year at a selling price of $20 per game Fixed costs associated with the game total $182.000 per year, and variable costs are $5 per game. Production of the game is entrusted to a printing contractor Variable costs consist mostly of payments to this contractor Required: 1-a. Prepare an income statement for the game last year, Total he Sales Less: Variable expenses Contribution margin Less Foed expenses Net Income 05 0 $
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