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Question C (Traditional and Contribution Format Income Statements): Use the following information for Question C-Parts 1 - 7: Rebel Apparel is a retail merchandiser that
Question C (Traditional and Contribution Format Income Statements): Use the following information for Question C-Parts 1 - 7: Rebel Apparel is a retail merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases of merchandise Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income O $180 Rebel Apparel Information Question C- Part 1: How much is the selling price per unit? $220 Category $300 $310 $330 Amount $300,000 $20,000 $200,000 $7,000 $30,000 $12,000 $15,000 $12,000 $60,000 $18,000
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