Question: Understanding Cost Behaviour and Contribution Margin [ LO 1 - CC 1 , 3 ; LO 3 - CC 1 2 ] Murugan Ltd .
Understanding Cost Behaviour and Contribution Margin LO CC; LO CC
Murugan Ltd had the following results for the year:
Sales $
Less: Operating expenses
Net operating income $
The average selling price for the units sold was $ per unit and average variable cost $ per unit.
Required:
Prepare a contribution margin income statement.
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