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Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units....

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Question

Accounting

Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total sales were $145,000, its total variable expenses were $79,100, and its total fixed expenses were $56,000.

Required:

a. Construct the company's contribution format income statement for April.

b. Redo the company's contribution format income statement assuming that the company sells 1,900 units.

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