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Prepare a variable costing contribution margin format income statement based on the following information: Tessas Tables sells coffee tables The sales price per table is
Prepare a variable costing contribution margin format income statement based on the following information:
Tessas Tables sells coffee tables
The sales price per table is $300
The variable product cost per table is $120. The variable selling and administrative costs per
Table is $50.
During June Tessa sold 1,000 tables
The fixed product costs for the month of June were $50,000. The fixed selling and administrative costs per month were $20,000.
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