Question: Joy plc reports the following contribution margin income statement for the month of November. The company would purchase new machinery that reduce its variable cost

Joy plc reports the following contribution margin income statement for the month of November. The company would purchase new machinery that reduce its variable cost per unit by $2 but increase fixed costs by 15%. Prepare and comment the projected contribution margin income statement for Joy plc if it purchases the new equipment (the sales level remains unchanged).

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