Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total

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Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total sales were $156,000, its total variable expenses were $80,200, and its total fixed expenses were $57,100.

Required:

a. Construct the company's contribution format income statement for April.

b. Redo the company's contribution format income statement assuming that the company sells 1,900 units.

Related Book For answer-question

Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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Posted Date: Mar 22, 2022 03:27 AM

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Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total

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Answers a Total Per Unit Sales 2000 units 156000 7800 Less Variable ex... View the full answer

Financial Accounting

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