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Question - Shamrock Inc. plans to sell 3,000 Irish sweaters for $200 each in the coming year. Product costs include: Variable selling expenses are $5 per sweater and fixed selling and administrative expenses total $12,000.
Required:
A. Calculate the total variable cost per unit.
B. Calculate the total fixed expenses for the year.
C. Prepare a contribution margin income statement for Shamrock Inc. for the coming year.
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