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PE 4-7 Contribution Margin Income Statement Loeffel Company sells desks for $550 each. The variable cost per desk is $375. The company's monthly fixed costs

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PE 4-7 Contribution Margin Income Statement Loeffel Company sells desks for $550 each. The variable cost per desk is $375. The company's monthly fixed costs are $75,000. Prepare a contribution margin income statement for a month in which the company sells 550 desks

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