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Creating a contribution margin format income statement

Prepare a contribution margin format income statement

Response to the following problem:

China Imports, Inc., sold 18,000 units in May. Per unit selling price and variable expense were $25 and $17, respectively. Fixed expense incurred for May totaled $120,000.

Required: Prepare the May income statement for China Imports, Inc., in the contribution margin format.

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Financial Accounting: Creating a contribution margin format income statement

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Financial Accounting: Creating a contribution margin format income statement

Reference No:- TGS02113909

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