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Accounting

Problem:

Assume that a company produces and sells 90,000 units during the year at the selling price of $10.35 per unit. Prepare a contribution format income statement for the year. (Input all amounts as positive values except losses which should be indicated by a minus sign.) Given values of sales(931,500), variable expenses(324,000), and fixed expenses(460,000).

Required:

Question: Find the Contribution Margin and Net Operating income.

Note: Please show basic calculation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165657

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