AJ Manufacturing Company incurred $52,000 of fixed product cost and $41,600 of variable product cost...
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Accounting
AJ Manufacturing Company incurred $ of fixed product cost and $ of variable product cost during its first year of operation. Also during its first year, AJ incurred $ of fixed and $ of variable selling and administrative costs. The company sold all of the units it produced for $
Required
Prepare an income statement using the format required by generally accepted accounting Principles GAAP
Prepare an income statement using the contribution margin approach.
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