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month? 21 Racing Bicycle Company Contribution Income Statement For the Month of June Sales (500 bicycles) Less: Variable expenses 250,000 150,000 Contribution margin Less:

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month? 21 Racing Bicycle Company Contribution Income Statement For the Month of June Sales (500 bicycles) Less: Variable expenses 250,000 150,000 Contribution margin Less: Fixed expenses 100,000 80,000 Net operating income $ 20,000

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