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Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. The company is considering buying

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Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. The company is considering buying a new machine that will increase its fixed costs by $41,500 per year and decrease its variable costs by $8 per unit. Prepare a contribution margin income statement for the next year assuming the company purchases this machine

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