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Problem: Module 5 Textbook Problem 3 Learning Objectives: - 5-3 Identify and describe fixed, variable, and mixed cost behavior - 5-4 Demonstrate the effects of

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Problem: Module 5 Textbook Problem 3 Learning Objectives: - 5-3 Identify and describe fixed, variable, and mixed cost behavior - 5-4 Demonstrate the effects of operating leverage on profitability The following income statements illustrate different cost structures for two competing companies: Required a. Reconstruct Vemon's income statement, assuming that it serves 162 customers when it iures 81 customers away from Thornton by lowering the sales price to $130 per customer. b. Reconstruct Thornton's income statement, assuming that it serves 162 customers when it lares 81 customers away from vernon by lowering the sales price to $130 per customer Complete this question by entering your answers in the tabs below. a. Reconstruct Vernon's income sfatement, assuming that it serves 162 customers when it lures b1 customers away from Tharnton by lowering the sates price to $130 per customer: b. Reconstruct Thomton's income statement, assuming that it serves 162 customers when it lures 81 custormers away from Yernon by lowering the sales price to $130 per customer. Complete this question by trntering your answers in the tabs below. Reconstruct Vernon's income neatement, assuming that it serves 162 custorsers when it lures 81 : customers away fromi Thornton by lowering the kales price to $130 per customer. Q. Reconstruct Vernon's income statement, assuming that it serves 162 customers when it lures 81 customers away from Thornton by lowering the sales price to $130 per customer. b. Reconstruct Thornton's income statement, assuming that it serves 162 customers when it lures 81 customers away from Vernon by lowering the sales price to $130 per customer. Complete this question by entering your answers in the tobs below. Reconstruct Thornton's income statement, assuming that it-serves 162 customers when it: lures 81 customers away from vernon by lowering the sales price to $130 per customer

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