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Company X has Sales revenue of $50,000 in June. Using the traditional income statement format,...

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Accounting

Company X has Sales revenue of $50,000 in June. Using the traditional income statement format, Cost of goods sold is $20,000 and Operating income is $20,000 in June. When preparing a contribution margin format income statement for June it is determined that Fixed expenses amount to $10,000 and Operating income would be

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