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Question - Sugarman Manufacturing had the following information for the month of June:
Units sold: 2,400 units
Total sales: $178,000
Total variable expenses: $108,000
Total fixed expenses: $46,200.
Required -
a. Construct the company's contribution format income statement for June.
b. Prepare the company's contribution format income statement assuming that the company sells 2,100 units in July.
c. Calculate the break-even point in units.
d. Calculate the units needed to sell to earn profit of $33,000.
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