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Questions 12 through 16 are based on the following information Osprey Inc. has provided the following income statement for the month of June 2022:

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Questions 12 through 16 are based on the following information Osprey Inc. has provided the following income statement for the month of June 2022: Osprey Inc. Income Statement June 2022 Units sold Revenues 20,000 $300,000 Cost of goods sold Variable manufacturing costs 100,000 Fixed manufacturing costs 80,000 Total COGS 180,000 Gross Margin 120,000

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