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The following is Alsatia Corporation's contribution format income statement for last month: Sales $1,400,000 Variable expenses 900,000 Contribution margin 500,000 Fixed expenses 300,000 Net operating
The following is Alsatia Corporation's contribution format income statement for last month:
Sales | $1,400,000 |
Variable expenses | 900,000 |
Contribution margin | 500,000 |
Fixed expenses | 300,000 |
Net operating income | $200,000 |
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