(Answered) Question - prepare a contribution margin income statement

Accounting

Question - Prepare a contribution margin income statement for X-Ray Manufacturing using the following information:

Sales	$4,382,031
Selling expenses	364,918
Direct labor	449,811
Income tax	242,144
Direct materials	645,920
Administrative expenses	476,191
Variable overhead	254,875
Interest expense	125,827
Fixed overhead	1,372,649

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