BRIEF EXERCISE 6-5 Understanding Cost Behaviour and Contribution Margin [LO1 - CC1, 3; LO3 - CC12] Matthew Inc. had the following results for the year: Sales Less: Operating expenses Net operating income $60,00045,000$6,000 The average selling price for the units sold was $15 per unit and average variable cost $8 per unit. Required: Prepare a contribution margin income statement
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BRIEF EXERCISE 6-5 Understanding Cost Behaviour and Contribution Margin [LO1 - CC1, 3; LO3 - CC12] Matthew Inc. had the following results for the year: Sales Less: Operating expenses Net operating income $60,00045,000$6,000 The average selling price for the units sold was $15 per unit and average variable cost $8 per unit. Required: Prepare a contribution margin income statement 