2. Prepare a contribution margin income statement for next year that shows the expected results with...
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2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,237,500. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31, Contribution margin 0 0 ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($55 per unit) Variable costs ($50 per unit) Contribution margin Fixed costs Income $ 1,237,500 1,125,000 112,500 52,500 $ 60,000 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,237,500. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31, Contribution margin 0 0 ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($55 per unit) Variable costs ($50 per unit) Contribution margin Fixed costs Income $ 1,237,500 1,125,000 112,500 52,500 $ 60,000
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