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Travelers Aids most recent income statement follows Total Per Unit Sales (3,000 units) $90,000 $30.00 Variable expenses $54,000 $18.00 Contribution margin $36,000 $12.00 Fixed Expenses $22,000 Net operating income $14,000 Prepare a new contribution format income statement under the following condition: The sales volume increases by 150 units.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M952090

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