Prepare the may income statement-contribution margin format

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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.

Reference no: EM131211367

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Prepare the may income statement-contribution margin format : 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 contr..

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