Question: =+EX 21-27 Variable costing income statement Contribution margin, $531,000 On June 30, 2010, the end of the first month of operations, Smithey Manufacturing Co.

=+EX 21-27 Variable costing income statement

✔ Contribution margin, $531,000 On June 30, 2010, the end of the first month of operations, Smithey Manufacturing Co.

prepared the following income statement, based on the variable costing concept:

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