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Murugan Ltd. had the following results for the year: Sales $45.000 Less: Operating expenses 39.000 Net operating income $6,000 The average selling price for the

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Murugan Ltd. had the following results for the year: Sales $45.000 Less: Operating expenses 39.000 Net operating income $6,000 The average selling price for the units sold was $15 per unit and average variable cost $9 per unit. Required: Prepare a contribution margin income statement

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