Question: Construct an Income Statement in Contribution Margin Format when 40,000 units are sold. (Please show in income statement format not just explaining in text format)

Construct an Income Statement in Contribution Margin Format when 40,000 units are sold. (Please show in income statement format not just explaining in text format)

Construct an Income Statement in Contribution Margin Format when 40,000 units are

The following information has been provided: Priceperunit(P)Variablecostperunit(AVC)Totalfixedcosts(TFC)Targetprofit$25$5$400,000$600,000

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