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Memofax,inc,produces memory enhancement kits for fax machines. Sales have been very errati,with some months showing a profit and some months showing a lose. The companys contribution format income statement for the most recent month is given below:

Sales13,500 units at 20 pe unit........270000

variable expenses..........189000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M938108

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