Compute the contribution margin income statementzins, Ask an Expert

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Compute the contribution Margin Income statement

Zins Corporation produces and sells a single product. The company contribution format income statement for August appears below:

Sales (1,000 units)	$95,000
Variable expenses	66,000
Contribution margin	29,000
Fixed expenses	23,800
Net operating income	$5,200

Required:
Redo the company contribution format income statement assuming that the company sells 1,400 units.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9725628

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