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Prepare the may income statement for china imports

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Reference no: EM132084146

Question - China Imports, Inc., sold 6,500 units in May. Per unit selling price and variable expense were $16 and $8, respectively. Fixed expense incurred for May totaled $42,000.

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

Reference no: EM132084146

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