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see below. Herman's income statement is as follows: Sales (5,000 units) $75,000 Less variable costs - 24,000 Contribution margin $51,000 Less fixed costs - 12,000
see below. Herman's income statement is as follows: Sales (5,000 units) $75,000 Less variable costs - 24,000 Contribution margin $51,000 Less fixed costs - 12,000 Net income $ 39,000 If sales increase...
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