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Sandhill Markets imports and sells small bear-shaped piatas. In planning for the coming year, the company's owner is evaluating several scenarios. For each scenario
Sandhill Markets imports and sells small bear-shaped piatas. In planning for the coming year, the company's owner is evaluating several scenarios. For each scenario under consideration, prepare a contribution margin income statement showing the anticipated operating income. Consider each scenario is applied independently to the original data. Last year's income statement is as follows: Total Per Unit Sales revenue $780,000 $15.00 Variable expenses 520,000 10.00 Contribution margin 260,000 $5.00 Fixed expenses 175,000 Operating income $85,000
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