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Melford Company sold 27,150 units last year at $15.60 each. Variable cost was $11.40, and total fixed cost was $1 18,020 Required: 1. Prepare an
Melford Company sold 27,150 units last year at $15.60 each. Variable cost was $11.40, and total fixed cost was $1 18,020 Required: 1. Prepare an income statement for Melford for last year 2. Calculate the break-even point in units. 3. Calculate the units that Melford must sell to earn operating income of $10,080 this year. Amount Descriptions Refer to the list below for the exact wording of text items within your income statement. Amount Descriptions Operating income operating loss Sales Total contribution margin Total fixed expense Total variable expense
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