Zhao Company 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. ZHAO Company Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Answer is not complete. Fixed costs ✓ $ 0 0
Zhao Company 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. ZHAO Company Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Answer is not complete. Fixed costs ✓ $ 0 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Zhao Company 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.
X Answer is not complete.
ZHAO Company
Contribution Margin Income Statement
For Year Ended December 31
Sales
Variable costs
Fixed costs
$
0
0
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