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Consumers who are likely to be early adopters of an innovation often rely on the salesperson as a secondary source of information. True False Crazy Canucks is a small, family-owned retaller specializing in alpine ski and snowboard equipment located in Squamish, B.C. An income statement for the ski department's most recent month is shown below. Skis sell, on average, for $1,500 per pair. Variable selling expenses are $190 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 20% variable and 80% fixed, The company purchases its skis from several suppliers at an average cost of $900 per pair. Required: 1. Prepare an income statement for the month using the contribution approach. Skis sell, on average, for $1,500 per pair. Variable selling expenses are $190 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 20% variable and 80% fixed. The company purchases its skis from several suppliers at an average cost of $900 per pair. Required: 1. Prepare an income statement for the month using the contribution approach. 2. For every pair of skis sold during January, what was the contribution toward covering fixed expenses and toward earning profits? 3. What would the total contribution margin be in a month where 190 pairs of skis were sold

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