Question: Preparing a contribution margin income statement P 2 Zhao Co . has fixed costs of $ 3 5 4 , 0 0 0 . Its

Preparing a contribution margin income statement P2
Zhao Co. has fixed costs of $354,000. Its single product sells for $175 per unit, and variable costs are $116 per unit. The company reports sales of 10,000 units. Prepare a contribution margin income statement for the year ended December 31.

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