Summer Fun manufactures flotation vests in Philadelphia, Pennsylvania. Summer Fun's contribution margin income statement for the most recent month contains the following data:

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Summer Fun Contribution Margin Income Statement (Variable Costing) For Sales Volume of 33,000 Units Total Sales revenue Less variable expenses: Variable manufacturing costs (DM, DL, Variable MOH) Variable operating expenses (selling and administrative) Contribution margin Less fixed expenses: Fixed manufacturing overhead Fixed operating expenses (selling and administrative) Operating income (loss) 462,000 99,000 111,000 252,000 122,000 93,000 37,000