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Mels Metals is a high-end jewelry store specializing in custom pleces Last month, the company sold oo pieces of wery at $200 a piece The
Mels Metals is a high-end jewelry store specializing in custom pleces Last month, the company sold oo pieces of wery at $200 a piece The markup percentage on each piece of wey is 100 of cow in That means the cost is half of the sale price The company employs a metalsmith for $3.000 each month who creates custom pieces and performs repairs The company pays $11.000 each month to rent its equipment and retace The company employs a salesperson who receives of the sale price of each piece sold Complete the contribution margin income statement below, prepared for one month of operations Sales Revenue $160.000 Operating income $
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