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Use the following to answer questions 6 through 10: Pumbaa Inc. sells a single product. Pumbaa's income statement for the most recent year is presented

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Use the following to answer questions 6 through 10: Pumbaa Inc. sells a single product. Pumbaa's income statement for the most recent year is presented below. $120,000 Sales (4,000 units) Less variable expenses Contribution margin Less fixed expenses Operating income (68,000) 52,000 (39,000) 13,000

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