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Prepare ABC contribution format income statement for May

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Reference no: EM133130685

Question - ABC Co. makes and sells a single product. In May, ABC sold 2,000 units. Its sales totalled $148,000, its variable expenses totalled $79,400, and its fixed expenses totalled $56,300. Note: Do not round intermediate calculations.

Required -

a. Prepare ABC's contribution format income statement for May.

b. Assuming that the company sells 1,900 units, redo the company's contribution format income statement.

Reference no: EM133130685

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