China imports inc sold 8000 units in may per unit selling, Financial Accounting

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China imports inc sold 8000 units in may per unit selling

China Imports, Inc., sold 8,000 units in May. Per unit selling price and variable expense were $19 and $11, respectively. Fixed expense incurred for May totaled $48,000. Required: Prepare the May income statement for China Imports, Inc., in the contribution margin format.

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Financial Accounting: China imports inc sold 8000 units in may per unit selling

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Financial Accounting: China imports inc sold 8000 units in may per unit selling

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