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This is an income statement a company prepared when 8,400 units were sold. Total Sales $ 223,440 Variable expenses 151,200 Contribution margin 72,240 Fixed expenses

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This is an income statement a company prepared when 8,400 units were sold. Total Sales $ 223,440 Variable expenses 151,200 Contribution margin 72,240 Fixed expenses 56,000 Net operating income 16,240 Required: Redo the contribution format income statement if the sales volume is 7,400 units. Contribution Income Statement Total 0 $ 0

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