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Memofax, Inc. produces memory enhancement software for computers. Sales have been very erratic, with some months showing a profit and some months showing a
Memofax, Inc. produces memory enhancement software for computers. Sales have been very erratic, with some months showing a profit and some months showing a loss. The company's contribution format income statement for the most recent month is given below: Sales (19,500 units) Less: Variable expenses. Contribution margin Less: Fixed expenses Net operating loss $780,000 585,000 195,000 206,000 $ (11,000)
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