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Present the contribution margin and income statement

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Question - Violet Company wants to know how its level of production can affect its profit for the year 2020. The following are the details of its production, cost and sales:

1. Sales per unit is Php 180.

2. Variable cost per unit is Php 120.

3. The total fixed cost for the year is Php 80,000.

4. Total quantity sold and produced is 2,000 units.

Required - Present the contribution margin and income statement showing how much the total operating income was earned for the year 2020 by Violet company. Show also the percentages of each line item as part of the sales.

Reference no: EM132731059

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