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Summerhouse Food Company produces and sells gourmet jam in grocery stores. Summerhouse's accountants have produced the following contribution format income statement for January. Sales (4.900
Summerhouse Food Company produces and sells gourmet jam in grocery stores. Summerhouse's accountants have produced the following contribution format income statement for January. Sales (4.900 units) $ 161.700 Variable expenses 92.169 Contribution margin 69,531 Fixed expenses 50,800 Net operating income $ 18,731 if the company sells 5.100 units, its total contribution margin should be closest to: $80.800 $19,496 $69.531 $72.369
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