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The following income statement applies to Nagano Company for the current year: Income Statement Sales revenue (460 units $39) $ 17,940 Variable cost (460 units

The following income statement applies to Nagano Company for the current year:
Income Statement
Sales revenue (460 units $39) $ 17,940
Variable cost (460 units $24) (11,040 )
Contribution margin 6,900
Fixed costs (4,900 )
Net income $ 2,000

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