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The controller at Wesson Company's manufacturing plant has provided you with the following information for the first quarter's operations: Direct materials $ 9 6 per
The controller at Wesson Company's manufacturing plant has provided you with the following information for the first quarter's operations:
Direct materials $ per unit
Fixed manufacturing overhead costs $
Sales price $ per unit
Variable manufacturing overhead $ per unit
Direct labor $ per unit
Fixed marketing and administrative costs $
Units produced and sold during the quarter
Variable marketing and administrative costs $ per unit
Required:
Prepare a gross margin income statement.
Prepare a contribution margin income statement.
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