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Category > Accounting Posted 22 Apr 2017 My Price 3.00

May income statement for China Imports

Prepare a contribution margin format income statement China Imports, Inc., sold 18,000 units in May. Per unit selling price and variable expense were $25 and $17, respectively. Fixed expense incurred for May totaled $120,000.

Required: Prepare the May income statement for China Imports, Inc., in the contribution margin format.

 

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Alpha Geek
(8)
Status NEW Posted 22 Apr 2017 04:04 PM My Price 3.00

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Attachments

file 1492880400-2085697_1_636284184474111012_Contribution-Margin-format.xlsx preview (86 words )
20-----------856-----------97&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------422-----------856-----------Con-----------tri-----------but-----------ion----------- Ma-----------rgi-----------n f-----------orm-----------atP-----------rep-----------are----------- a -----------con-----------tri-----------but-----------ion----------- ma-----------rgi-----------n f-----------orm-----------at -----------inc-----------ome----------- st-----------ate-----------men-----------t C-----------hin-----------a I-----------mpo-----------rts-----------, I-----------nc.-----------, s-----------old----------- 18-----------,00-----------0 u-----------nit-----------s i-----------n M-----------ay.----------- Pe-----------r u-----------nit----------- se-----------lli-----------ng -----------pri-----------ce -----------and----------- va-----------ria-----------ble----------- ex-----------pen-----------se -----------wer-----------e $-----------25 -----------and----------- $1-----------7, -----------res-----------pec-----------tiv-----------ely-----------. F-----------ixe-----------d e-----------xpe-----------nse----------- in-----------cur-----------red----------- fo-----------r M-----------ay -----------tot-----------ale-----------d $-----------120-----------,00-----------0. -----------Req-----------uir-----------ed:----------- Pr-----------epa-----------re -----------the----------- Ma-----------y i-----------nco-----------me -----------sta-----------tem-----------ent----------- fo-----------r C-----------hin-----------a I-----------mpo-----------rts-----------, I-----------nc.-----------, i-----------n t-----------he -----------con-----------tri-----------but-----------ion----------- ma-----------rgi-----------n f-----------orm-----------at.----------- Ch-----------ina----------- Im-----------por-----------ts,----------- In-----------c.,----------- In-----------com-----------e s-----------tat-----------eme-----------nt -----------for----------- th-----------e
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