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The following is an income statement for last year. REQUIRED: Restate this statement into the Contribution Margin format (in good form). Sales 100,000 units $2,500,000

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The following is an income statement for last year. REQUIRED: Restate this statement into the Contribution Margin format (in good form). Sales 100,000 units $2,500,000 Cost of Goods Sold: Direct materials $600,000 Direct Labor (variable) $165,000 Variable manufacturing $55,000 overhead Fixed manufacturing overhead $750,000 $1,570,000 Gross Profit $930,000 Selling and Administrative expense Variable selling and admin $130,000 Fixed selling and admin $300,000 $430,000 Operating Income $500,000 Using the Contribution Margin Financial Statement from Q1, what is the break-even number in sales dollars for this company? Edit Insert Format Tools Table

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