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please help thank you Prepare a contribution format income statement for the game last year. Per Unit Magic Realm, Inc., Contribution Income Statement Total Sales
please help thank you
Prepare a contribution format income statement for the game last year. Per Unit Magic Realm, Inc., Contribution Income Statement Total Sales Variable expenses Contribution margin Fixed expenses Net operating income Magic Realm, Inc., has developed a new fantasy board game. The company sold 15,000 games last year at a selling price of $20 per game. Fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor. Required Step by Step Solution
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