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Prepare a contribution margin format income statement China Imports, Inc., sold 18,000 units

Prepare a contribution margin format income statement China Imports, Inc., sold 18,000 units

Prepare a contribution margin format income statement China Imports, Inc., sold 18,000 units in May. Per unit selling price and variable expense were $25 and $17, respectively. Fixed expense incurred for May totaled $120,000.
Required:
Prepare the May income statement for China Imports, Inc., in the contribution margin format.

 
manish jayant 09-Sep-2020

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