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The CVP income statement for Cullumber Machine Company for 2021 appears below. CULLUMBER MACHINE COMPANY Income Statement For the Year Ended December 31, 2021
The CVP income statement for Cullumber Machine Company for 2021 appears below. CULLUMBER MACHINE COMPANY Income Statement For the Year Ended December 31, 2021 Sales (44,000 units) $1,144,000 Variable expenses 789,360 Contribution margin 354,640 Fixed expenses 420,050 Net income (loss) ($65,410) Answer the following independent questions. (a)
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