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Tami Tyler opened Tami's Creations, Incorporated, a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operatlons
Tami Tyler opened Tami's Creations, Incorporated, a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operatlons placed a considerable strain on Ms Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who just completed a course In managerlal accounting at State University.
Tami's Creations, Incorporated
Income Statement
For the Quarter Ended March
Sales units
$
Variable expenses:
Variable cost of goods sold
Variable selling and administrative
Contribution margin
Fixed expenses:
Fixed manufacturing overhead
Fixed selling and administrative
Net operating loss
tabletable$
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