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Justin Industries produces three versions of tires: Supreme, Advanced, and Basic. A condensed segmented income statement for a recent period follows: 14. Total Supreme. Advanced
Justin Industries produces three versions of tires: Supreme, Advanced, and Basic. A condensed segmented income statement for a recent period follows: 14. Total Supreme. Advanced Basic $130,000 116.000 14,000 44.000 S(30.000) $1,530,000 1.046,000 484,000 $400,000 280.000 120,000 70,000 $ 50.000 $1,000,000 650,000 350,000 150.000 $200,000 Sales Variable expenses Contribution margin Fixed expenses Net income (loss) 264,000 $220.000 Justin Industries produces three versions of tires: Supreme, Advanced, and Basic. A condensed segmented income statement for a recent period follows: 14. Total Supreme. Advanced Basic $130,000 116.000 14,000 44.000 S(30.000) $1,530,000 1.046,000 484,000 $400,000 280.000 120,000 70,000 $ 50.000 $1,000,000 650,000 350,000 150.000 $200,000 Sales Variable expenses Contribution margin Fixed expenses Net income (loss) 264,000 $220.000
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