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23. Convert the following traditional income statement into a contribution margin income statement. Contribution margin ratio = 35%. If 1,000 units are being produced and sold, what is the variable cost per unit? What is the cost formula? Sales COGS Gross Margin Oper. Exps. Oper. Income $100,000 60,000 40,000 25,000 15,000

23. Convert the following traditional income statement into a contribution margin income statement. Contribution margin ratio = 35%. If 1,000 units are being produced and sold, what is the variable cost per unit? What is the cost formula? Sales COGS Gross Margin Oper. Exps. Oper. Income $100,000 60,000 40,000 25,000 15,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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23. Convert the following traditional income statement into a contribution margin income statement. Contribution margin ratio = 35%. If 1,000 units are being produced and sold, what is the variable cost per unit? What is the cost formula? Sales COGS Gross Margin Oper. Exps. Oper. Income $100,000 60,000 40,000 25,000 15,000
Transcribed Image Text:23. Convert the following traditional income statement into a contribution margin income statement. Contribution margin ratio = 35%. If 1,000 units are being produced and sold, what is the variable cost per unit? What is the cost formula? Sales COGS Gross Margin Oper. Exps. Oper. Income $100,000 60,000 40,000 25,000 15,000
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