Question
The following data have been condensed from Hamilton Corporations report of 2016 operations (in millions of euros): Manufacturing cost of goods sold; Variable is 375,
The following data have been condensed from Hamilton Corporations report of 2016 operations (in millions of euros): Manufacturing cost of goods sold; Variable is 375, fixed is 300, and total is 675. Selling and administrative expenses; Variable is 175, fixed is 100, and total is 275. Sales are 1125 (1. Prepare the 2016 income statement in contribution form, ignoring income taxes.) Tip: There is an example contribution-margin statement at exhibit 5-5 on page 185. Like this example, yours will go only as far as operating income -- not all the way to net income. However, yours will be simpler than that example because you're given less detail to work with.
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