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pls fill in the income statement High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce
pls fill in the income statement
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Management is anxious to assess the profitability of the new camp cot during the month of May. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{c|}{ High Country, Inc. } \\ \hline \multicolumn{1}{|c|}{ Variable Costing Income Statement } & \\ \hline Sales & & $3,108,000 \\ \hline Variable expenses: & & \\ \hline Variable cost of goods sold & & \\ \hline Variable selling expense & & \\ \hline & & \\ \hline Contribution margin & & \\ \hline Fixed expenses: & & \\ \hline \hline Fixed manufacturing overhead & & \\ \hline \hline Fixed selling and administrative expense & & \\ \hline \hline \end{tabular}Step by Step Solution
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